Too many investors overpaid for STRs in popular vacation destinations and painted themselves into a corner where the property only works as an STR.

Our goal is to start and grow our portfolio to achieve financial stability, more family time, the freedom to take vacations, and the ability to live life on our terms.

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

Congrats - would you ever buy in this market for pure investment purposes or do you think its mostly just a good market for a owner-use vacation home?

If you're 25 or 35 and that monthly rent check gives you an extra vacation a year for the rest of your life, that might be fun too.Good luck and congratulations for being in the path of progress I guess.

Be very careful when it comes to vacation homes you need to be very experienced to be able to calculate the exact net cash flow. there is so many expenses that you might not understand, in other words you need to do your homework before touching any vacation rentals especially with the pandemic .

The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.

The first thing I'd recommend is focus on a market where you either 1) currently or have previously lived, 2) have family/friends that live there, or 3) vacation there frequently.

Don't be afraid to tell them you were nervous as you didn't hear back from them, and ask if they are swamped or were on vacation and expect and gage their answer.

Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated this home to create a premier vacation rental property.