Beginner investing STR vs LTR

[Spencer Gregory]

I'm 21 and I've been wanting to start my real estate investment but haven't decided what is best for me if I should do an LTR or STR.
I want an STR so I can make money but also have a vacation spot if family wanted to have a place to stay in said location 

I kind of like LTR for like duplexes, tri's, and etc since I could do the whole FHA and house hack it with little money down since I travel for work I wouldn't really be living there too much anyways

So I was just wondering what everyone thinks would be the best route for someone getting into real estate very young and any tips or suggestions would be great

Thanks and have a good day!

[Matthew Bowling]

Hi @Spencer Gregory, As someone who manages both LTR & STR I can tell you that the STR properties are a full-time job in and of themselves. With an STR you need a team of cleaners (and backup cleaners), a handyman (or three), landscapers, etc. Plus you have to constantly manage the bookings, extensions, and cancellations. It can be a headache some days, but the cash flow is much higher and overall worth it in my opinion. You could always buy a property, install LTR tenants, and change it over to STR when you have a more flexible work schedule.