I’m an investor/realtor here on the panhandle of Florida (Destin to Panama City beach) and we’re making 4x income on our short term rentals as we are the long term!

@Lamart Glenn JrThanks Lamart, I didnt know if there were books about the different advantages of using different types of partnerships but I will cruise through the podcasts.

Even if they are destined to move out of the nest in a year or two, they will want a say.Certainly you want to hang on to your adult prerogative to make decisions but you would be wise to at least consider what they have to say.Kids pick up on things adults often miss.

It is a fantastic winter and summer destination and I hope to move there someday.

The best place to do short term, in my opinion, is where there are other short term rentals and where it is traditionally a vacation destination.

Take a look at this for some ideas on venues that are on the market  https://www.appearhere.us/destinations/collections/food-residencies-075a0e84-b4c3-414f-bb3b-09a0588e0c17

More extensive remodeling would add a 1bdrm apt and a 2 bedroom apt.Property is in a rural area, about 30min away from large ski resorts and 30min away from two popular destination towns that are turning into the cape for hipsters.Potential for the property @ 30% occupancy is:150*12= 1,800 (per day)(1,800*365)*.3= 197,100Operating expense are probably close to 100k, (high end) for heat, maintenance, cleaning staff.

Those are the investment VEHICLES to get you to the DESTINATION.

Once we know the destination, then we can make a plan to get there.

Then hopefully you'll be on cruise control for the next 11 months+ until they move out.Here's a long list of landlord software companies.