Is it "wrong" to invest in an STR as your first property?

[Roy H.]

So I've been doing tons of reading on this forum, listening to podcasts, reading articles, and running sample numbers on random homes for practice to get ready for my first STR.

But the more I read into it, the more old-fashioned advice there is for going with an LTR.

Am I making a mistake for investing in an STR as my first home? Would you advise against this? Would there be issues with lenders/the bank?

Honestly the idea of LTR just doesn't appeal to me- I mean all that work for $200/door per month? I can do Uber and make that in a day.

Yeah, there's the whole equity, appreciation, etc. but I'm much more interested in getting paid today than tomorrow so I can reinvest it faster.

Yes, STRs are more work. But they're also more profitable. STRs always outperform LTRs in terms of cash flow (if you're doing it right).

So is there any reason to re-evaluate my whole plan and consider an LTR? I'm interested in sustainability right now and having a monthly cash flow that I can use to expand.

Am I doing it wrong? Or am I just having second thoughts?