RI lead laws may be something to keep in mind for your purchase.

For example: We provide tax preparation and advisory services to people who invest in commercial (including multifamily) real estate, and high w2 earners investing in short-term rentals.

That's awesome, congrats on successfully purchasing your first out of state property and finding a great agent!

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

@Jullion Cooper Congrats on your purchase!

I’m pretty busy with my job as it’s a 24/7 industry, I don’t have time to handle aggressively hunting for off market deals however I could still do it with mailers, as I’m in no rush to purchase right away.

Send it to every address they give you including the current rental assuming it will be forwarded to the address they gave the post office.

I would also suggest finding a 100% LTC (loan to cost) lender that will fund all of your rehab and all of your purchase.

Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.

(Which you could also then do with your new purchase in 2 years.