Buy & Hold vs. Vacation Rental

[Tobey Porter]

Hello BP - I'm interested in opinions on Buy & Holds vs. Vacation Rentals. We recently our first 2 buy & holds. We're going to do a HELOC on our primary residence to fund the down payment on this next purchase.

The money from the HELOC could potentially fund 2 buy & holds in the area we are starting. It could also fund a pretty nice vacation home in Sarasota, which we could also use for family vacations.

Thanks in advance for any thoughts/advice.