We tell hosts all the time, it's more management and more money than traditional SFR.

Most from the BP community understand wealth is not created by just saving and investing (e.g. traditional 401K) unless you are able to start very young and just do it consistently for 30-40 yrs. 

Long-Term Rentals: What do you think is a better strategy for someone just starting out—focusing on Airbnb (short-term rentals) or traditional long-term rentals? 

My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

It can be more capital intensive up front and take a little more time than a traditional BRRRR but it gets you started.  

The menu offers Cuban favorites like tamales, empanadas, yucca fries, ceviche, and traditional entrees like mojo pork and whole fried snapper, with prices ranging from $12 to $95.

I looked back at my tax returns when I was doing the conversions from my traditional IRA to my Roth IRA and realized I had converted up to the limit of my standard deduction allowing that amount to be tax free, but the excess above that that I converted each year was at the lowest tax bracket, so while I did convert some money tax free each of those years I DID IN FACT pay more than a few cents in taxes on the amount above the deduction.  

I already have one traditional LTR with a traditionally-qualified tenant.

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

Unlike traditional banks, which focus heavily on personal credit and income, portfolio lenders prioritize the cash flow of your property.