5.25mil-ish48 units83% occupancy for 2024. 

Here are a few tips to help you out as you start your journey:1.

Also curious how much you plan to rent each unit out for? 

We bought it with a HELOC on my mom's primary residence for the first $40k, then hired a contractor for demolition and major renovations, did cosmetics ourselves and used more heloc money totaling $60,000. 1 year later we listed it on VRBO and AIRBNB and refinanced the $100000 into a fixed rate mortgage.

Instead, I have established a donor advised fund (DAF) for charitable giving during and after my death. 

As we continue to grow doors, we're exploring the idea of purchasing renters insurance for our tenants and extending the cost to the tenant for a monthly fee.

Thanks for your response!

It looks like your family is all-in on RE, I'm happy for you guys & wishing you all the best.

Has anyone had any experience with these types of properties and have any tips, stories, advice about this niche.  

Hi Shelia,Yes, the coast markets are pretty fragmented when it comes to regulation.Best options for STR (in order):Lincoln CityManzanitaFlorenceRockawaySeasideIf you need local expertise, @Taj Richardson lives and breathes coastal vacation and investment real estate.