The key is making sure you’re comfortable with any short-term negative cash flow and have a solid plan for how that property will perform over time.We work with a lot of Bay Area investors who purchase in Boise for this exact reason.

If you decide to go the Airbnb route in either city, be sure to check local regulations around short-term rentals to avoid any surprises.

The ADU would be utilized as a short term vacation rental. 

However, I'm short on cash (will be putting $20k of my personal money into this)  and I am exploring creative ways to source funds for the project.I’ve been quoted for a $100K HELOC on my primary residence with a 30/1m ARM at a 13.25% rate and APR, with an interest-only monthly payment of $1,016 and $3,825 in points.

Currently, I own Luxury Autowerks, an auto shop in Denver, and I personally self-manage the ski-in/ski-out short-term rental in Keystone, CO while also helping to diversify and expand my families real estate portfolio.My long-term goal is to own apartment buildings (100+ Doors), and I’m taking my first steps into acquiring our first small multifamily property.

It’s a short dead end road so I have this notion to own the whole street and control the look and quality of the neighborhood . 

Quote from @Cristiana Rios: Hey Duane, I’m Cristiana, and I’ve spent the last 10 years building and leading teams in the short-term and mid-term rental industry across Airbnb, VRBO, Furnished Finder, Booking.com, and 20+ other platforms.

Here is a short video the city created. 

@Chris Seveney  I live in Abilene and operate a short term rental here.

Of course a visit to the county records office and -correct reading of the legal description would reveal that the tennis court lot was the one being sold.