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. 

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

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. 

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

I'm giving myself 10 years to be successful at this.Turn key properties are best for me right now, as I'm a provider in a clinic and work 3 nights a week in an ER, so my time/energy is limited.Thank you all for any tips, advise or otherwise!

I’m new to house flipping but have extensive experience as the owner of a successful property damage restoration company.

I’m excited to be here and meet new people, learn about real estate investing, and hopefully share some success stories down the road!

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

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

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.