North Tacoma Short Term Rental during Covid-19

[Christian Pirotte]

Hey All,

I am looking to purchasing either a duplex or an SFR with an ADU in the North Tacoma area with a VA loan. I am planning on house hacking for about 6 months, moving out and then airbnb-ing the second unit/ADU as a separate unit. However, I am currently experiencing analysis paralysis and have missed several deals because I'm having trouble coming to terms with the risk--particularly the inflated Tacoma market and rental demand during COVID. I have analyzed data from Airdna for weeks at this point and I'm reasonably certain that a two unit airbnb in North Tacoma would produce a good return (although I imagine the data is skewed from COVID). However, I would love to hear from the BP community if anyone can see any major pitfalls or shortsightedness in this strategy.

Appreciate any input I can get!

CP