They also do not work in a timely fashion so if it’s a rental that could be a problemJust food for thoughtFor us what we make sure we do is service and maintain our equipment like hvac and appliances which often leads to longer life spans

Performance in rental management is the key piece of the puzzle.Any other insights on what you've learned managing short term rentals for others in the Smokies?

We originally hoped to rent as a mid term rental in a smaller town with a hospital, but the market quickly became oversaturated for the small demand so we decided to shift to long term rentals on both sides.

@Haley ElisabethYou are not missing anything but there is what I would call good debt and bad debt.For example if I buy a property cash, rehab it and it has a $300,000 value and can be used as a rental and provide cash flow - getting a $150k loan on that asset to buy another (not blow it on toys) say $300k asset I have 2x future appreciation than one asset.

This is common in my area/Colorado in general especially the ski towns that still allow short term rentals. 

@Linda RobertsYou can charge whatever your tenant agreed to in your lease - whether they pay it or not is another story;  or you can try and work with your tenant.Like you say - the basic goal is not to have any rental gap.  

Here are some links to articles I found when I searched top real estate areas for appreciation in 2023:  https://www.doorloop.com/blog/best-real-estate-markets-2022https://www.poplarhomes.com/real-estate-investment/best-locations-to-invest-in-rental-property-in-2023/https://www.bizjournals.com/tampabay/news/2023/02/27/tampa-bay-one-of-the-top-places-for-relocation.htmlhttps://www.mashvisor.com/blog/best-places-for-buying-investment-property/

I am undecided on if I long, medium-, or short-term rental is the best for me.

The cabin belongs to an acquaintance who doesn't want it anymore and is giving me the option to purchase it before putting it on the market.

Got $100k business line of credit with 710 credit score to buy some more properties.Do you think it is better idea to buy a rental house (worth $70k) with the credit card paying all?