The STR is a hospitality play.

If this is your first investment and your first property, the quickest way to fail is to create an uneven playing field.

For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

I also have one neighborhood that I am hoping to purchase an SFH as an appreciation play.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.

It’s a bit like playing Monopoly but with real addresses and real money.. and when done right, it can feel like unlocking a secret level in the real estate game.But hey, no point pretending it’s all sunshine and roses.

The article below sheds light on how DSCRs come into play with the BRRRR method.

Your nightly rate will be influenced by proximity to the beach, interior design and amenities (ex game options, fire pit, pool, etc).

And answering your phone calls while watching the games does not turn your living room into a home office.

Real estate is a LONG game and a good way to build wealth through equity.