STRs & how to analyze deal differently than traditional rentals

[Amar P.]

Hello everyone. I am a relative newbie to BP.com and have been reading a lot on how to identify and analyze a good deal for rental real estate properties.  My question has to do with how those of you more seasoned in short term rental properties analyze these deals differently than more traditional rental properties.  Is cash flow less important?  Do you have to anticipate and expect more seasoning time due to more up front costs like furniture and other disposables?  Just trying to figure out how to analyze this type of deal as we are getting started with STRs in traverse city michigan.  Thanks in advance