If your goal is to rent the property post-renovation, you might pair a DSCR loan with a short-term hard money or fix-and-flip loan to cover the rehab costs.

Pete and Clearwater still work well for mid-term rentals despite some short-term rental saturation.

I just meant to say that it's our next goal to build that up, having just gone on a spending spree on fixing up both properties in a short period of time.

A short-term rental with a stay of 7 days or less + Material participation =also non passive.

Ultimately, the decision should align with your long-term and short-term goals.

These are top drive-to destinations for much of the Southeast, so short-term rentals here can generate solid cash flow, especially during peak seasons.The area is also seeing steady growth, with more infrastructure and amenities being added to support visitors and new residents.

Properties in or near these cultural zones can be prime for short-term rentals or Airbnb.3.

Give me a shout if you have questions, but here's the short of it.Best financing is going to be from a bank or a conventional construction loan.

Everyone we have spoken to only considers short term rent as an option.

It’s a bit risky unless you’re sure you can replace the funds, but it could work for short-term needs.4.Roll into a 401(k) and Take a Loan: If you have access to a 401(k) plan (Or can start one for a business you run), you could roll your IRA into that plan and take a loan against it.