Buying a second home for short-term rentals can be a smart move (especially in a vacation hotspot like West Palm Beach), but there are key factors to consider.

Key is to not grow to fast and have $ set aside as it's never as fast or profitable as you think when getting started where in Texas are you looking to be a GC?

What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

@James WiseHey guys I have some experience in the space having started funding turn key in Detroit in 2002.I also was on a CA.

They can be problematic for guests to use, rely on connections with other devices that can fail, and are often easier to hack than a key lock.

There are four key principles that guide me:- Consistency is everything- Never stop learning- Take Action- Value relationships over everything else1) Consistency is everything There are multiple things that I do every single day- Read – 10+ minutes.

Networking will be key here.

Are you looking for turn-key properties or something along the lines of a "fixer upper"?

We recently acquired a key that is a minimum 90 day mid-term.

Also, when evaluating a value-add deal, what are the key factors you prioritize most?