My lender packaged and sold my mortgage, and when I called the new servicer to inquire about a HELOC/ Home Equity Loan they told me I wasn't eligible because of my short ownership duration.I am planning to pay for most of the improvements with cash I have on hand from my W2 job, but I want to get something set up in case of an emergency repair/ use towards other investment opportunities.

Short term is managing cleaners, dealing with guests complaining about cleaners, random **** breaking, reporting damages do Airbnb, seeing a big *** party starting at your house at midnight (your property manager isn’t on call 24/7 and are charging for every hour spent), dealing with pissed off neighbors etc.You need to weigh all those costs (management + cleaners stack) minus potential high weekday vacancy minus Airbnb’s rising fees and declining service plus your time and headache spent, VS an easy / much more guaranteed paycheck.There’s a lot of guru BS in the STR game.

Purchase price: $500,000 Cash invested: $100,000 AirBNB in the City of Davis | Full House & By the Room

Purchase price: $500,000 Cash invested: $100,000 AirBNB in the City of Davis | Full House & By the Room

If it is your primary residence, you (and your partner if you have one ) are the only one servicing the debt.

Trusts are typically done as part of a full estate plan that includes other documents to cover you in different situations like Wills, Powers of Attorney, Advance Health Care Directives, etc. 

Purchase price: $500,000 Cash invested: $100,000 Sale price: $750,000 AirBNB in the City of Davis | Full House & By the Room

Time would be the biggest variable.Assuming the same repeatable services will have to be provided for STR & MTR, that are not provided for LTR, the costs may not be that different.Taking care of lawns, monitoring & paying utilities, taking calls, etc.Some services will be the same, but vary in frequency: cleanings, resupplying amenities, responding to inquiries, bookings, granting access, etc.

I had some experience with real estate in the past with a few rental properties and really would like to start doing something real estate related full time but don't know what.

Hi all, My spouse and I have a full time W2 jobs and we are looking into real estate investment (SFR - buy and hold strategy for now).