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Updated over 3 years ago,

User Stats

17
Posts
6
Votes
Eric Schroeder
Pro Member
  • Loveland, CO
6
Votes |
17
Posts

Financing Out of state, Short Term Rental in Florida

Eric Schroeder
Pro Member
  • Loveland, CO
Posted

I live in Colorado and am looking at the west coast of Florida for STR property (Tampa to Sarasota region). I would like to finance it as a 2nd home/vacation property to use the 10% down. I would plan to stay in the property a couple of weeks out of the year and use it as a STR the rest of the time.
Are there restrictions to using this type of loan and hiring a property manager to turn over the property?  Or because it's a 2nd home loan, do I have to manage it myself?

  • Eric Schroeder
  • Loading replies...