Quote from @Trevor McCormick: Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.1)Is it still a good investment with the current prices?

Your story proves that being in the game creates opportunities you can’t plan for.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

What’s your game plan for managing the park — hands-on or hiring a property manager?  

I also suggest you post your listing to "Short Term Rental Listing Advice" on Facebook and let them give you more feedback as well.  

You don't want to be so focused on getting into the game that you leverage the start of your entire life just to do it.

Hey community,
I am looking into investing in my home town of Cincinnati.  I am currently trying to break my analysis paralysis.  Besides reading and listening to podcasts, my wife and I attend a local real estate in...

Some/many lenders don't like a 2nd mortgage behind their first (like the skin in the game), however there are both bridge or permanent financing options out there allowing you to leverage anywhere from 90% CLTV - 100% CLTV, but don't expect good terms...

I had one short term rental that was granted a permit earlier this year and I have been operating it for months now as an STR.