I’m also based here and have experience with short-term rentals, property management, and work with investors like yourself.

For long-term loans the loan is usually based off your credit score and the property's cash flow for investment properties.

SMS can supplement this strategy but shouldn't be relied on as a long-term strategy. 

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.

I'm looking to build a Casita/poolhouse for use as a short term rental in Summerlin.

I'm going to try and see if any of the long term neighbors want to do it, lots of pre-gentrification folks still here who might be happy to.

Diversifying geographically can also reduce risk and increase long-term returns.For example, there are several markets across the U.S. that are ideal for new investors because they offer affordable entry points, reliable cash flow, and strong economic fundamentals.

Currently still favor the house rental for MTR and long term strategy in ABQ, but I don't think you generate any solid cash flow unless you can get a turnkey 2BR for under $250K.

We do a similar thing for our long-term tenatns, leases start and end in July so that we maximize the demand and stay "in season" 

Yes of course its price can be more volatile and can go down faster than real estate would but long term it appreciates and pays every month.Curious on BP communities thoughts..