New real estate investor from Duluth, Minnesota

[Heather Wendel]

I have been listening to the Bigger Pockets podcast for about 6 months and I just recently decided to checkout the website. My husband and I are looking to buy our first investment property in the next couple of months. Although we are currently living in Duluth, Minnesota, we are actually looking at properties in the small town of Houghton and Hancock, Michigan. My husband still co-owns a small business in the area and we get back there pretty regularly.

Our current plan is to buy a house for short-term rentals (e.g., airbnb). I would love to hear from others who have tried this - both the good and the bad. Part of the appeal is to have a house we can stay at when we are in the area (usually about once a month).

Our goal is to buy at least one single family home per year for the next several years, so I'm guessing we will end up doing a combination of long-term and short-term rentals. 

Thanks for any feedback or thoughts!