Success is most influenced by persistently applying proven concepts...it takes an informed plan over time.

That venue sits on the same property as their homes, so I'm not sure if it would have been feasible on its own parcel but seems to be quite successful the way they've got it running. 

One thing I would mention though - doing STR just to save taxes often leaves you operationally unstable or too detached from the management to be successful.

Many successful active investors transition to passive investing as a way to diversify into new asset classes or markets and to earn back some of their time and still benefit from the positives of real estate investing.To answer your question - I would allocate a portion of the $200,000 to MF as I believe this is a good time to invest in an asset class that has recently struggled. 

You don't need off-market deals to successfully invest in real estate.

I don't know how you can successfully run a short-term rental business with that mindset.

For those who have ventured into Co-Living, what strategies have you found most effective in ensuring both financial success and a strong sense of community?

Access to financing, such as 90% of the purchase price, can significantly lower the entry barrier, but success still depends on having a well-thought-out plan for managing renovation costs, timelines, and potential risks to ensure a profitable outcome.

Hi Clay,Have you been successful in finding funding for your project?

I used them with a lot of success throughout the years, but they were never a mainstay of my acquisition techniques.