But if you are listing on Airbnb and/or VRBO, they are going to comprise 95% or more of your reservations, even if you invest heavily in your own marketing.  

Further, it's always a good idea to do due diligence into the association itself to make sure it has adequate reserves in case of any large future expenditures.

If you use up almost all of the 30 k in the down payment you may not have enough reserves in case of emergency.

I positioned mine near Case Western Reserve University and the hospital system, and that has been a major advantage.

My only reservation is the higher interest rates on these particular loan products vs regular residential mortgages.

I am not trying to grill you, I am trying to help you and others reading this.Really let go of any reservations and emotions you have reading my message.

Being that you already have property management experience and feel confident in your ability to manage a single-family or multifamily property, it really comes down to your financial position.If you have a good amount of cash available to put a down payment towards the purchase of a property and maintain sufficient cash reserves (or if you have a partner you can work with who does), then there's nothing wrong starting off with a multifamily property. 

I looked into it a few years back and decided it was too risky for me.You can go terribly wrong if you think you can do 30 or 40 such deals with money down and/or cash reserves.

So really, flipping isn’t about tax advantages—it’s more about building up some solid cash reserves so you can eventually invest in buy-and-hold properties, where the real tax benefits start to kick in.

I have an 800+ credit score and access to over $100k in revolving credit and much more than that in personal loan offers, but currently have less than $10k in cash reserves, which I plan to build back up to $20k in two months.My mom, in her mid-50s, wants to invest in real estate as a means to improve her retirement.