I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB. 

The market is almost as great as our football team.

It would be a great opportunity to extend out to some real estate professionals.

The location is ideal, as it’s situated in a neighborhood that permits short-term rentals (STRs), making it a great investment opportunity.

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

Great start on investing!

@Benjamin Carver great post with lots of helpful information.

The idea of getting a duplex seems great, but I am having trouble finding anything on and off market.

Great view with a hot tub. $215k is the offer that is falling through.It's not something we could self manage.

You only get a sense of this by meeting face-to-face once or twice.A bad borrower can kill a great project.