Hi All - I found a lead on a MFH (5+ units) that is a short sale.

The cool thing is you have multiple strategys and just because you choose one, does not mean you cannot switch to another one - maybe one fits your short term goals and another one helps down the line with long term goals.

Quote from @Brendan Jones: When it's a home you intend to live in, I lean towards focusing on what you want, then making it work as best you can as a short-term rental.

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.

Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.

If you find someone giving you confused looks, seek a mortgage broker that helps investors.I'm not so sure how they would calculate income from short-term rentals.  

I have some rental property back in Atlanta, and have been wanting to get into short-term rentals through Airbnb for years. 

The Lake Tahoe market has many intricacies regarding short-term rentals, but navigating them is definitely possible.

Our goal is to have a short term rental business and build it over the next several years.

@Bobby Short