Hi Olecia,As a loan officer, buying a second home for use as a vacation rental (Airbnb/STR) can be a viable option, but it's important to be aware of certain considerations.

And both types take into consideration projected income but the residential loans go against my DTI.

Prices are still considerably higher than just five years ago. 

For this being your first project and it being around two years, you want to underwrite in a way that minimizes your risk and maximizes your cash flow.Key Considerations for Underwriting This Deal1.

Your cleaners can make or break your business, and price isn't the only consideration. 

Owning locally has helped me accumulate considerable equity with a relatively low initial investment.

Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey.

Due-on-Sale Clause If transfer taxes are not a concern, the next consideration is the due-on-sale clause, which could lead to loan acceleration.

After careful consideration of where I want to take my business, I've realized that raising capital isn't the direction I'm interested in.

You can probably spend much less time touring and learning new things than you would in an otherwise unfamiliar market: laws, neighborhoods, tax considerations, etc.Scenario 2: Stay in Place & Buy an Out-of-State Multi-Family Property1.