I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

@Josephine Ramesh Although I don't own a lake front Airbnb I've been looking into converting a long term rental of mine into an airbnb.

Extensions on downspouts 10 ft away from the building, grade the surface to slope away from the foundation at least 6 inches in 4 feet, provide positive surface drainage around the structure, and finally stop irrigating landscaping within 10 ft of the structure.

  * A bonus play would be purchasing a small commercial property with at least a 25 space lot in the aforementioned areas; the idea is to convert the lot into paid parking to increase value.   

Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.

Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that? 

Since they have been converted to 10 bedrooms each and have 10 renters in each home, I wonder how this may affect someone getting a fannie/freddi loan? 

Hi Tyler - you cannot avoid depreciation recapture if you convert STR into primary residence and then sell it.

I invest in LTRs, usually that need to undergo major rehab prior to being converted into LTRs (not a flipper, fix & hold).

Lead GenerationDefinition: Lead generation is focused on identifying and converting prospects who are actively interested in buying, selling, or renting properties.