The STR market—especially in vacation hotspots—can generate solid cash flow, and it sounds like you’re ready to dive in.A great starting point is to focus on researching markets.

Owner second generation framer.

Is it conceivable that they could have generated interest from someone with a large amount of cash, but not in a position RIGHT NOW to obtain a mortgage loan?

This past summer (our first season) we had many multi-generational family reunions book stays.  

Ask yourselves what you hope to achieve—are you interested in generating passive income, building equity, or perhaps developing properties?

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

Unfortunately, the younger generations are being told they can have everything they want right now by borrowing money from someone else while quitting their job, driving expensive cars, and drinking $8 coffees and DoorDashing dinner every night.

You are required however to have a license like myself if you are offing a service to customers.

All of my customers in NJ, NY, CT, CA, WA and other states are all buying in those states as well as a few others.The price to cash flow ratio is going to be better in those states as well as having a higher inventory of both single family and multifamily rental homes.

And she can always add roommates to generate more income.Just know that when you later sell she will only be able to take advantage of the primary residence exemption for the % that she actually owns.