I don't want to spend all my cash making repairs to the property unless I can get it back short term.

I am new with short term rentals and have been operating one since November 2022.

Purchase price: $600,000 Cash invested: $130,000 In November 2021, I purchased a single-story commercial building in a downtown area outside Provo Utah.This building will have 8 apartment units, 5 short-term rental units, and 2 office spaces.

Is anyone familiar with short term rental market in the Cape Cod / P-town area of Massachusetts?  

My goal is to own some land so we have somewhere to come back to (my wife and I currently are nomadic) and also potentially short term rentals while away (rent to other RVers who need a spot).now my question: Would it be best to pay this for cash outright as 1 of our first investments?

Did you know that short-term rentals only account for 15% of the stays for travelers?

I hate to say this, and I may be wrong, but in order to maintain the status quo, we may need another large attraction to draw more people to the area, a big splash to keep them coming at the pace of the new construction.  

It's the value add, short-term flips that create the biggest challenges around acquisition costs.  

House flipping is attractive because the high velocity turnover of capital if done successfully but as Scott points out, purchasing the home correctly is the most important factor in a successful flip.

For these short term bridge financing.