Short term vacation rental property

[Liz Darnell]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,500,000

Mnt home in Eagles Nest. Currently in Blue Ridge Mountains rentals program

What made you interested in investing in this type of deal?

The area

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Mortgage

Lessons learned? Challenges?

Challenge: making sure we understand the tax laws and have the property significantly covered by insurance and putting it in an LLC