A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

A refi makes more sense if you plan to hold the property long-term as a rental.

You can qualify for lower down payment loans, and after a year you can move out, keep the same loan terms and convert the unit you vacated into a rental.thank you!

Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.  

We already have a few mid-term booking requests so just as I thought, my vision of what's possible is coming to reality. 

And while it has it's challenges, I love this area for long term rentals.

Then there’s city regulations—some places heavily restrict short-term rentals, so you’ve got to check the rules.If you find the right spot and automate stuff (guest communication, cleaning, etc.), it can be profitable.

The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.

I focus on staying engaged, whether it’s through regular check-ins, providing insights without expecting anything in return.In terms of systems, I’ve found that a mix of structured tools and personal touchpoints works best.

For example, whole life insurance has at least 5 different terms associated with it now.