Are you comfortable enough to risk it for the biscuit?

Leasing at $3k/month covers your current mortgage comfortably, so refinancing could relieve the pressure of the balloon payment.

A lot of these southern beach & mountain towns have been supporting STR for 75+ years, long before Airbnb was a thing, so they’re very comfortable with it and it’s a built-in part of the community.A lot of Northern places are FREAKING OUT over STRs & STR regulations & they don’t seem to be very supportive of it.

However, if you’re comfortable with the expenses and prefer to hold, you’d continue building equity, but it may take a while for cash flow to improve.

The hope is to build experience and open more doors in the future for new builds.I also just had lunch with a banker on Friday who said they have been opening up and relaxing on real estate again…for everything except non-owner occupied construction - that is still a no go for them.

There will be tears, but they can be comforted by the cool "Sub To" hat.

Joining real estate investment groups and attending meetups can also help you find potential partners with local expertise and help you get comfortable with cap rate analysis and other key metrics!

With its own exterior entrance, soundproofing, and hotel-like amenities, guests have a comfortable space without ever entering our living area.

Even though you feel you don't reach the full cash flow potential, you gain on making the lives of those families more comfortable.

However, appreciation is never guaranteed, so you’d need to consider how much risk you’re comfortable taking.Pros:Potential to cash in on appreciation in the future.Flexibility between STR and LTR depending on market conditions.Cons:Requires holding costs and maintenance during the interim.No guarantees of appreciation.4.