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Updated over 3 years ago,
General Advice: Short Term or College Tenant Rental?
Hello BP!
My wife and I own 2 - 4bed/4bath townhomes in a college town. They both will be self managed and produce positive cashflow and a strong COC ROI.
My question is related to us considering shifting our focus to add a short term/vacation rental to our portfolio. What pros and cons are there to making this shift? And what general advice do you have around this combination and/or strategy?
Thank you!
-Daniel