So, increased efficiency for certain tasks with QBO. 

Our local organizations do a lot - we have representatives meeting with council members, a professional PR firm to help change the narrative on STR's here on the islands, and we're working towards increasing our own lobbying power.

Your budget will need to increase about $100K to get into anything other than a condo, and I do not recommend that.

That knowledge gave me the confidence to take on short-term rentals as part of my investment strategy moving forward.The First DealIn May 2024, while my girlfriend and I were traveling, she found a multi-family property in a city near us.

Texting is becoming increasingly difficult with the new laws and regulations in place.

Furthermore, if rents rise in the coming months/years, this too would increase cash flow. 

How do you confidently project rents when evaluating deals in these types of markets?

Now that I've gone through all of the steps to get through my process, I'm that much more knowledgeable and confident going into my 2nd deal which I'm already working on. 

Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income.

This is due to the  increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?