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Ok short term folks, need advice on a purchase?
So there is a property I’ve been eyeing and we’ve been contemplating doing an AirBnB/Short Term Rental. Primarily we’re looking at the bigger markets, like the Smokies. However I’ve come across a little property close to home that sits near a local lake that I think would make for a decent one. When I say decent it’s cause our area isn’t a tourist destination, but I think I could fix it up and market it to where it could make us decent money from the locals that would look to have a little getaway here and there and it would be someplace fun for me and my family to go that would not be too far away
That being said it’s not like I’m looking for this to break the bank or be a crazy source of good income for me, but if I went the AirBnB route my concern is in doing so what kind of roadblocks may I run into? That being with local cities/governments and rules and regulations? Things of that nature. Like in the description it says subject to the lease with the city?
Just curious of roadblocks or things I should research before really pursuing and possibly placing an offer
Thanks in advance for any and all feedback