AirBNB thoughts and ideas?

[Kevin Craig]

Hello BP community!

I am a new real estate investor considering my options on how to start and get into the industry. I am in the Southern California inland empire area. I am trying to decide between seriously pursuing my first property as a long term rental or an AirBNB property. I am looking for some advice as to how people think it would be a good way to start my RE investing career. My area is expensive and a little out of budget for the money that I could put into the property so I may have to look into investing in area that is farther away from me or potentially a different state. In my area, if I bought, I would be trying to break even with long term rental and hoping for appreciation (which I know will happen) or with AirBNB I would be able to profit and generate a little bit of cash flow for the area I could invest that has a lot of people flocking for tourism or to get away from the city. Outside of that is investing out of state... which I know there are a lot more benefits and money making opportunities than where I live.

Any thoughts on a way to start would be appreciated.

Thanks!

[Paul Sandhu]

How much time do you have, and do you have 3M talent.  I've got about 2 dozen STRs in my town, and it's my unofficial full time job.

Mechanic, Magician, Mindreader.