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Updated about 3 years ago,
Long Term Rental vs. Short Term Rental
When evaluating a short term rental property, do you consider the long term rental cash flow and CoC as a contingency in case the STR doesn't work out? Should we not buy it with only STR in mind, if the LTR numbers don't work? What metrics should we target to evaluate STR? (About 1/2 way through your book and loving it!) Thank you for your time.