Newbie, haven’t even started yet

[Stephanie Myers]

Hi, I haven’t started yet, but I have been looking, reading, and dreaming about it for quite some time. I’d like to start in short term rentals on the gulf coast. I’d like to use a handful of properties to cushion my retirement a bit. We would eventually be moving down there. I’m open to other ideas. As the kids have grown I have started to get more and more time to myself, so I thought I’d take this one and try to do something extra with my life. 

[Stuart Udis]

Many municipaliteis across the country have introduced zoning legilsiation that prohibits STR as a legal use. If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements are protected by in place permitting and licensing and the permissions are transferable through a sale. If the property does not provide for all three, you should not underwrite or make investment decisions based on the property operating as an STR.