My family now resides mainly in Santa Barbara but own rentals in Reno because they visit Tahoe often. 

And of course, when you're visiting these markets, you're also going to be interviewing property managers.

I would probably just go ahead and do this now so you know and stop guessing.... 

My desire is to find some AirBNB properties in my area so friends and family have somewhere to go when they visit, and I can rent them out when family isn't around.

The goal is to get it updated enough to use as  a mid term rental for travel nurses, so it will be empty some of the year for us to visit.

Hey BP Community,I’m fairly new to the real estate world but would like to jump in and get a head start on building wealth for an early retirement.I’m currently in my early 20’s and I’m interested in house hacking with my partner by the end of the year as a first step in investing.So far this year I have been working on building up my financial literacy and some knowledge on real estate through books and the BP podcasts.

Hey @TJ Bardossas - you're already ahead of the curve in the sense that you're an experienced broker.

If the deal is right, go ahead.

Vacation homes take some planning, I personally think shooting for break even profit/loss with a vacation home is a good tax strategy but if it is a cash cow I would gladly just pay the tax as you still come out significantly ahead and if you have one I probably wouldn't bother with a cost seg study unless you are getting extremely high rents.

Why are you putting the priority of buying another property ahead of why you are buying another property?