Operators - If you plan on doing the STR yourself, you will need to shell out the cash for this but only if you are renting out additional addresses on your property.

As long as I'm cash flowing, then I just slowly raise the rents over time.

One problem - I used all my cash fixing up the place I have! 

Purchase price: $176,000 Cash invested: $53,968 Sale price: $220,000 Want to share my first flip, project.

If the kitchen needs an upgrade or the bathrooms, or flooring then you could add value to the house and potentially cash out refinance or get a HELOC based on the new value and use that for more upgrades.

If credit is good and you have a ton of cash, then you should buy. 

I recently bought my mother a mobile home on a lot cash in Corpus Christi so she will not have to pay rent.

Purchase price: $100,000 Cash invested: $50,000Off-market Fix and Flip in Pocono's, PA.Purchase Price: $100,000Est Reno Costs: $50,000Est ARV: $290,000My partner and I found a beautiful but outdated Chalet with great bones.

ITs going to depend on a lot of factors but just jumping into STR "around the country" (i.e. potentially very far from yourself) is going to be challenging - property management fees are going to eat up a lot and its hard to cash flow as it is with current rates/prices.Most people would start with LTRs as its generally good for the "first investment" to be more of a learning experience and chalking up a lot of mistakes - so keeping $ amounts low, leverage conservative and the investment as "vanilla" as possible is generally good advice

Cash or check probably would work too but it's easier on that website.