You may not need "2 years of work history" either depending on the detailsGenerally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

-> Regarding the short / long term rentals:- short term: tourism is one of the main sources of income of the country and therefore has lots of potential.

The main issue is a consistent lack of effective management and oversight.

I currently own and self-manage two STRs in Maine and should be closing on a small 'cabin campground' with 10 cabins nearby that will also be operated as STRs. 

That's the reason why we sign leases in person, so we can go over the main issues in person and make sure they are understood. 

This property is in the mountains and has electric heat, so the main bill comes in the winter when the heat is running.  

My main focus is understanding motels and their operational dynamics.If you’ve invested in or operated a property like this, I’d love to hear from you.

Mainly because if I used that metric alone I would not have done my last 10 successful flips. 

I'm considering investing in STR in Hawaii to diversify my investment portfolio (mainly for capital appreciation) as well as it being a regular vacation place for my family.

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.