Using a vacation home as an Airbnb

[Jake Miller]

Hey!

I know that you are able to purchase a home as a "second home" using 10% down but was looking for some answers to some more questions in that area.  If you put 10% down it isn't allowed to be a rental but I would imagine you can use it as an Airbnb?  But is that something that you can be upfront about when purchasing the house or if you try to get another property in a different location using that same strategy that would come up on on tax information and was curious how that works.

Seems like a great low down way into the vacation rental market but was curious how that worked. Thanks!