Uhhh Ohhh........I smell a triple threat match brewing.

A plain STR stay agreement is going to be a problem for 30+ day stays. 30 days means tenant rights kick in in most municipalities and you don't want a squatter that will take a year to remove.Some folks on BP have been able to mix and match MTR with STR.

You want them to be affordable but also a fit/match for your particular needs and personality.Regards,Chad

Go with an area that matches your lifestyle.2.

Looking for others opinions on these places or other areas that match this criteria.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

Let us know in a year if you do and if the performance matches what is pitched.

Most Lenders will want to see that the property does cash flow well (typically over a 1 and 1.2+ for 5+unit properties), is the property itself a match for that lender's guidelines (rural?

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!

Hi @Robert Rixer,Good question, nothing existing on the market in the area that matches what we are interested in.