I think the area is short on larger (4-5 Bedroom) homes that can really accomodate a whole family.  

If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

Here’s why I’m asking:Say we sell a short-term rental (STR) for $700K, with $150K in equity we want to 1031.

A mix of short- and long-term strategies could hedge against market shifts.Borrowing allows you to scale faster, especially if you can secure favorable terms.

that OR consider buying a property you could short-term rent to people who literally just want to visit the casino if it's a large/decent one. 

I am not necessarily that new in the Real Estate industry because I have a place in Tulum Mexico, Condo as a short term rental. 

There are cheaper markets that your current savings would go further and possibly provide better opportunity (almost definitely in the short term).

A short term CD or something like that.

It's disappointing that you can't make it work with short-term rentals, as that should be much easier.

I am looking to grow the portfolio to short term rents in Daytona Beach, Florida.