My wife and I moved 4 yrs ago and fell in love with the area, its people and specially the food.

You could get a huge equity bump in year 2 or 3 if things go as expected.Here is the thing that most people are missing out there. 

One challenge about short term rentals is that they are not always booked and initially getting those bookings to a minute, people were more hesitant since we didn't have the super host and premier rating.

Thank you guys, looks like there's a great group of people on here that I can network with to get more familiar with investing in the area!

If she pays, then your really out of luck and you have to sue her in court for breaking the lease and damages.In general, I don't take people to court once I have the property back as the attorney fees and the fact you RARELY collect on any judgements (15% of the time or less) eats any profit and wastes your time.

I typically recommend that community for people that plan to use it personally and can justify the higher HOA costs and membership fees.

The key is to understand the capital stack, who is in line in front of you and what are their terms.The people who are getting burned may have known there was debt in front of them, but did they know it was short term or variable - did they know all the details to make a good judgment on the investment.If a property had 20 year fixed debt at 70% would you take that over 3 year debt on a variable rate at 50%? 

A lot of that is referral based or people find my site online, organically. 

Amidst this uncertainty, some people suggest that it may be wise to not rush the property in December but wait until 2025.

They teach people what they want to know without out all the fluff and they have a pretty cool community of mentors and Renatus associates that help you along the way.