When I first arrived and invested on the Pacific Coast in 2018 it was still relatively unknown to investors and vacation rental investors.

Quote from @Micheal Singleton: Hey stl folks, I'm a new investor .

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.

I'm confident a judge would see the picture evidence I have and go "damn!"

Everyone will tell you it’s great to get started early, or you can just move after a year, but in the current environment in our region the rent your property will generate after you move out will likely be less than your mortgage, if you are tied to the area and feel confident you want to stay in whatever property you buy for 3-5 years go for it, if you want flexibility rent and throw that money into and index fund. 

Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

Pensacola has a lot of potential, and I’ve seen investors do really well in the area with both long-term and short-term rentals.Since you’re just getting started, here are a few tips that might help:Know Your Market: Pensacola’s mix of military families, college students, and tourists means there’s a steady demand for rentals.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

If I knew more about your scenario I could give you better feedback but most lenders see MORE risk with 1st time investors and lower their leverage.

HiI am real estate investor and Realtor living in Naperville, IL.