You might be able to hit your financial targets with fewer units or smaller properties using other real REI strategies.

In highly touristy areas like lakes or vacation spots, an STR typically generates higher income from short stays but may not attract long-term tenants due to seasonal demand.However, if the property is in a more versatile location, such as near schools, businesses, or urban centers, it may work as an LTR, providing steady income and fewer management demands. 

You'll likely have questions about local recommendations and events, which can be great opportunities to partner with nearby businesses.These partnerships can enhance promotions, generate referrals, and ultimately add value for your guests.

Specifically, I’m looking for advice on:- Neighborhood Recommendations: Which neighborhoods in Lee's Summit or nearby areas have you found to be best for BRRRR opportunities?

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas.

Dayton, OH happens to be a market that yields that high cash flow because of the price/rent ratio.Starting out, I would focus on buying properties in nicer locations because there will be fewer problems that come up and management will be much smoother.

Plus, with newer builds, you typically have fewer maintenance issues, which can be a big plus.If you're looking for something more hands-off, you might consider turnkey properties, where the property is already rehabbed and has tenants in place.

I’m comfortable sacrificing a bit on revenue in exchange for steady cash flow, lower expenses, and fewer headaches.However, if you come across a standout property with a pool and great amenities in Scottsdale, it could be very beneficial during spring training or for bachelor/bachelorette parties.

Prices in AB (depending where you look) are also lower and if you are in Calgary or Edmonton or nearby, it is easy for your husband to fly for a visit or for you to go there.

First, the home may produce equivalent income as a long-term rental since there is less vacancy and fewer expenses.