Yes I have pondered the Full year rental and that would do mortgage and give me a little extra, but thought MTR or STR might do better.

My 14 year old now makes over $100/month passive income from her % owned and my 10 year old is at like $65/month.In this process we are building their interest in real estate, teaching them the value of putting their money to work for them, and all the while growing our investment if we need it for their college money some day! 

But man you sellers sure had a good time about 4 years ago lol.

Quote from @Tom Enright: Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year.

We did not know if our proximity to Nashville would be more important because of the fact that we would be doing a short-term rental with the property for half of the year and then using the property exclusively as a rental in a few years?

The January 2025 report from the Austin Board of REALTORS® (ABoR) shows stable housing prices and balanced market conditions in the Austin metro as we start the new year.

Three Insurance (another Berkshire company) would also have written a policy if we had three years of hospitality experience. 

Quote from @Michael Eldridge: Switching tax preparer this year and since informing the previous one over a month ago they have been distant.

They guarantee 200K in revenue per year.

I still own this property and in only 4 years the value increased about $100k with cashflow of $1000/mo Lessons learned?