These places will be more expensive, for a reason.Now I do think that there is some opportunity in certain areas of upstate NY for short term rentals, however upstate NY is not a well established travel destination so your occupancy will probably be low and highly seasonal but this method is viable.

I was wondering what everyone's experience with establishing a legal entity for REI has been like, and when do you recommend a person to do so?

FF is just one source and good for establishing a baseline of sorts, but I agree with you that it's going to be beneficial to market on other sites, including the OTAs.

And frankly, you have similar or nicer beaches in well-established tourist destinations much closer so why would they bother?

This entails carrying out in-depth market research, examining prospective properties, and drafting a comprehensive investment plan that details the risks and possible rewards.Establish Credibility and Trust: It's critical to establish credibility and trust with possible private lenders.

Once the bones of the network are established then it's a matter of repetition.CAN you do it with no money down? 

In my opinion - no, you cannot establish it as an STR without any booked visits.

Establishing a corporate entity, such as an LLC or corporation, under which the property will be vested, is a common prerequisite.

As a result, I'm finding it incredibly challenging to establish credit or secure traditional sources of income.Currently, my kids and I are living with my parents in Sigourney, having moved there last June.

This is an inherited property would like to have that sale considered establishing the new tax basis. it sold on 1/12/2022 if that makes a difference.