Account Closed - I am trying to map out a game plan for my next investment, and a good friend of mine who is an experienced realtor wants me to consider Section 8 because he has a client who is an investor making very good money off of it.

I am considering turning it into an Airbnb/short term rental. 

Personally I have thought buying in mixed use zoning could be an interesting opportunity as you can use it for residential or commercial and having that flexibility of commercial property with 5% down if you live in for a while and it seems like a potentially good idea in some areas.

There are definitely pros and cons to all situations, you would just need decide what is best for you.Would listing it as a mid-term (traveling nurses, doctors, business professionals, contractors, etc) or a short term rental be an option? 

@Kyle JacquesI'm in the Tahoe area an it sounds like you're a similar area. 

We have an excellent relationship. 

But, if the same bank holds both first and second lien, it's less of an issue.

I use Attomdata (formerly geodata) which tells you if the property is owner occupied or has an absentee owner.

For new prospective investors who have more money than time, I think this might be a better first investment than trying to be an out-of-state landlord.You do all of your vetting upfront—of the operator, the asset, the loan, and the area.

I would strongly recommend to join several syndications as an LP for your next step.