May have a hard time getting a loan on a "hobby farm" I assume this is in Washington.

I am currently a special education teacher looking to transition to real estate full time in the near future.My hobbies include staying up to date with the market, leatherworking, and being a geek/nerd with my friends!

Your hobbies sound fantastic!

You could try a new hobby!

So in my mind STR is good tool to catch long term appreciation and REDUCE EXPENSE when folk is vacationing.For me it is as the following:if you like snowboarding you would buy in Tahoe or Denver or Aspen.if you like beach you buy in Hawaii, Destin, Panama Beach FL or San Diego.if you like hiking/forest you go to these Servier county,etc.The problem is if you don't have hobby and don't like to go for vacation LOLI cut 90% of my vacation budget by having STR, this is the internal profitability metrics LOLIf my own purpose is to make money I would find investment that yield 30% IRR and >1.5EM and I know it's not that in vacation market in 2023 lol.

If you want to get into the flipping business, then give it some priority and don't treat it like others treat their hobbies.

I have a ton of hobbies that I don't make money on. 

I am now focused on rebuilding my business and running an ACTUAL business instead of a cool hobby that I tell my friends. 

But there are people who do because they either had some wealth handed down or have other sources of income and REI was less of a business and more of a hobby.

That’s pretty cool, a good way to stay in real estate while having the ability to support your kids and their skills/hobbies.