They bring higher tenant turnover, limited cash flow, and attract traditional tenants who aren’t your ideal long-term buyers.

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

You may not get the same tourist volume as Pigeon Forge, but you’ll attract a more consistent, quality guest base.If you're leaning toward an MTR, healthcare contracts and university housing demand will give you a steady stream of tenants.

Purchase price: $785,000 Cash invested: $156,000 Short term vacation rental in Panama City Beach.

I’m looking to ensure I structure things correctly and attract the right partners.

I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term. 

However, I notice that Personal Injury is not included and I'm thinking that may be important to have for a Short Term Rental.

You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

@Joshua MartinSince you might sell next year, a HELOC is probably the better short-term option—lower upfront costs and flexibility to pay it off when you sell.