We currently own our home and we are in the process of renovating a lake house that we plan to hold as a short term rental.  

In short, is it possible, absolutely.

I’ll follow up in direct messages shortly. 

When it comes to things like Investor Relations, many fall short because they are not money makers and it can be outsourced.

But is performing.If you keep doing this periodically you'll end up with a fleet of free and clear properties free of risk and accomplishing your retirement goals. 

Does anyone know if the surrounding areas in Dallas are affected by Short-Term Rental restrictions?

So, I made a short video with a brief explanation.

Also, a 3-month try before you lease may be the issue, tenants are using it as an MTR, it gives them far too much wiggle room, and that short-term turnover can start hitting you in the pockets pretty hard...With that said some incentives you can offer are the first and last months rent-free for a 12-month lease.

In light of these circumstances, I'm seeking advice on the best financing options to address this costly project if insurance coverage falls short.

For those owners or folks who are looking to purchase a Vacation Rental, what is the most important part of owning this investment for you?  Most of my clients over the years have cited the ability to use the home for...