This means you'll get a good cash flow, but appreciation of the property will be low.In the phoenix area there is more ownership and less renting, but due to prices increasing faster than inflation we are seeing a rise in renters.

Very short seasoning period.

@Paige Gardner HM is a great way to get started however understand that it is SHORT TERM FINANCING 6-18 months. 

Long story short, I have no primary home and the property the guesthouse is being built on is a LLC with 3 years remaining of 20k PPP.

If you were to buy, let's say a three bedroom or four bedroom home and rent out the other rooms to other single people.If you were to get a short term rental, you would probably want to have somebody else manage it and right now your average short term rental isn't doing really well.

Homes that will hit that 10% ratio as a short-term rental aren't easy to find anywhere in this competitive STR, market.

I plan to use two of the bedrooms for Airbnb short-term rentals.

We are currently working with our lawyers to take next steps and get our money back along with damages due to wasted time and investments we missed out on along with other people who they have done this too.

Wow it sounds like we are kinda "brothers from another" haha.It is extremely rare to find Millennials that are into Wright much less Rand :).

I’m based in Tampa and run Graystone Investment Group, focusing heavily on helping (out of state) investors find and manage properties here in Florida.Totally agree on the importance of understanding those short-term rental rules in Florida—each area can feel like its own little country with all the different regulations!