I am looking into purchasing my first condo in Destin, FL for short term vacation rentals.

The terms of the financing (interest rate, balloon payment timing) need to make sense for your exit strategy.I would recommend getting a detailed inspection to ensure there aren't any major issues you're overlooking.

Hey @Alex Short, You're on point it may seem like an impossible task for tri - or quadplex, but it can be done! 

Hey Jordan, We own Blue Ridge Escapes which own and manages several short term rentals around Claytor Lake and the Blacksburg area. 

It reduces the quality of the property for long-term tenants, introduces risk, and could potentially make the leasing desk look bad in front of their bosses.

However, short of my stock portfolio, which I don’t want to touch as it does well too, I don’t have the cash to buy my first deal.

I would read all you can about different strategies and markets for a bit and then figure out which strategy is most enticing to you (flipping, short term rentals, long term buy and hold etc.).  

I have a friend that recently purchased a 6 bed 3 bath property there and uses it as a short term place via Airbnb.

Hello everyone, I am starting my short term rental journey.

Of course, your opinion is just as valid as mine, and if it works for you, that's all well and good.True, you definitely do NOT want to give up a 3% loan....BUT there are numerous CREATIVE ways to build net worth FASTER than hold and reinvest cash flow.