I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

I'd recommend buidling over buying in miami for equity, I'd also recommend higher asset classes like hotel to increase your ability to buy land. not sure your experience or liquidity but I'm happy to discuss.

I'm out of miami from columbus ohio. we have a gap deal needed for land entitlements bridge to permit approval. hotel deal 78 units 

I would not advise starting out your investing with an STR unless you have some type of hotel hospitality background.

The hospitality industry lobbied pretty hard for that to happen to give them an edge since those are areas where hotels are located as opposed to residential zones. 

And, looking to become more strategic with how we marketing/price our little hotel...we call it our hotel.

A dwelling unit does not include a unit in a hotel, motel, or other establishment in which more than 50% of the units are used on a transient basis.”)Benefits of a Cost Segregation StudyCapturing depreciation on STR property begins with a cost segregation strategy to maximize deductions.

The advantage of my "day" job is i have a lot of spare time sitting around hotels with little to nothing to do.

The renter doesn't have renter's insurance to cover a hotel stay, but the house isn't in bad shape and very livable.

I don't like the fact that you can't charge a deposit (even hotels charge $50/day as refundable deposit) and for all the work, I don't think it's worth it my time.I would really appreciate feedback about Nomad services.