If the market turns as it appears it is starting to in Seattle, you have flexibility to maneuver / weather the storm. 

A little flexibility goes a long way.

Then you have the flexibility of renting different types of places, different locations, and you're not tied to that one piece of property with all the headaches that might come with owning property in a foreign country.Invest here in your backyard and use the profits for your vacation rental is probably a better idea in most cases.

I have traditionally offered good security at a 75% LTV and 15% interest with no points but at this point, I am starting to get more flexible.

@Kirk WatkinsPartnership entities have so much flexibility that you can literally allocate income/losses in anyway shape or form.You just need to find the partner to agree to the terms that you want.You would then need to find an attorney to draft up the operating agreement/partnership agreement.

In exchange they offer more flexibility.

Many people forget that being a realtor requires a lot of 9-5 action, but it mostly requires flexibility on nights and weekends. 

Please keep in mind that investors try to work with smaller lenders because they are more flexible. 

Flexibility, UW speed, commercial bankers also cross pollinate other investors.. possible syndications. 

You would have to have a flexible schedule and know that having an Airbnb isn't exactly passive income.