Short-term stays tend to bring higher revenue, but long-term rentals can provide stability.If the area gets strong tourist traffic, STRs could be a great fit.

Mainly looking into flipping some houses and also small multifamily properties as long term rentals. 

Whether you choose short-term or long-term rentals, learning and analyzing deals will help you make the best decision.

I actually joined Bigger Pockets a long time ago but haven't been around for a long time.

I'd love to have long term rentals in Barcelona/Valencia but unless I'm getting a crazy good deal, this approach will require a lot of capital for the downpayment requirements of 30% for financing.

Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%). 

I am a long-term investor, but I also provide services to long-term investors, so my advice is biased toward that option.  

Quote from @Tony Pellettieri: It's been a long 9 months but the time seems right to climb out from the trenches and return to the BP community.During my first few months as a Real Estate Investor, I was on the forums almost daily.

Based on income alone, I could buy a 30k lot in sky harbor and build a 2 bedroom 1,400 sq ft cabin that generates 50k to 60k in rental income all day long (if not closer to 55k to 65k).   

using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing.