I want to add that this rental business is for vacation rentals/short-term, rather than long term rentals.

As I look ahead to the next 5 to 10 years, I’m at a crossroads and could really use some advice from this knowledgeable community.I have two potential paths I’m considering:1.Continue Focusing on Short-Term Rentals (STR):•My plan is to shift towards mid- to high-end vacation rentals with unique characteristics.

Step one is to provide written notice to vacate.

Hey guys so I need some advice what to do in this situation:Basically my first property (STR) had a great possible ADU on it in a small vacation heavy town in upstate NY.

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

The property is in an unrestricted HOA with a couple other vacation rentals but mostly season homes with some long term residences.

Investment property requires 15% down minimumYou could also do a Second Home or Vacation Home loan. 10% down and your dti needs to be able to support it.

My lease states that I can file a landlord tenant complaint without providing notice to quit - if the tenant vacated the property but left me with a squatter (ex boyfriend) that won't leave the unit - would the clause i have in the lease still follow along the same lines for this squatter?

If they don't vacate according to the lease term, eviction will need to be filed.

I've noticed vacation rental signs here in Newport Beach where I surf, indicating that short-term rentals are allowed.