Awesome blessing, advice for getting to my cash flow goal?

[Ryan Genson]

Hey BP, I just received a huge blessing. I have $100k cash to invest in STR. Long story short I have a family friend who simply just believes in me- we have a great relationship. He wants to help me get to my cash flow goal of $5000 a month so that I can leave the W2 and focus on my business, and real estate.

He is giving me a LOC of 1-200k which is resulting in me now having 300k to invest. The plan is to use that 300k as a downpayment/furnishing on secondary vacation homes. The markets I am looking in are Destin, Naples, And the gulf shores. In your opinion do I have enough capital to get to my goal? Should I buy one big property? Or multiple properties?

I made a post similar to this, but now the situation has changed I wanted to re engage with everyone!

[Joshua Strickland]

Bigger properties will have a better ROI if you are only looking at the math side of this business.

Smaller properties will allow you to fail, spread your risk, and learn the business.