Short Term Rental or Lease Based System?

[Richard Scott Dinnan]

Hi, I just started (seriously) in the rental investing business. I have been successful with a cabin in TN on Airbnb starting in March21. It is a platform I am comfortable with and have seen first hand its potential revenue stream but also the time involved. I also have a leased 4/2 in TX that I am looking to sell along with my primary residence. This will put me in a position to purchase a larger property. I am struggling with whether to invest in a larger property with more capacity "doors" on a lease based system OR go for a smaller multi-family in a destination area for an Airbnb short term system. I project far greater return for the Airbnb however if my goal is long term wealth, is short term rentals smart?

Could anyone lend me tips, or their experience?