These are prime locations, think near downtown or popular tourist destinations where demand for short-term rentals is typically high.

., stricter regulations or lower demand).

Some of the best opportunities can be found in other regions, particularly in markets known for strong rental performance, stable property values, and tenant demand.

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Have you considered starting with a market that has strong rental demand and landlord-friendly laws?

@Andreas MathewsThere is definitely availability and demand for property managers.

If you can't get ahold of the PM, demand letter is next.

Since the changes were made, demand for the product has roughly doubled.

And like many other cities, vacancy rates are still low, lots of demand for housing of all types.