Hello, this is my first post so bear with me it might be long!

The options contracts I've done in NC (only 4 or 5, me as seller, all post-GR) set the 'contract price' and terms.

Evening, I am in the process of acquiring a short to mid term rental in the somewhat local vacation/ tourist destinations in my region.

Builders typically are NOT long term buy and hold investors.they build they sell they take their profit and do another new build, rinse and repeat.There’s still a delta between seller ask and buyer expectations on existing property which makes sense.

I previously relied on 3rd party GC's building quite a few single family to 4 unit buildings throughout Philadelphia and eventually transitioned to self performing.

Everything here is a trade off and if you're interested in long term planning, it's best to ensure you fully understand how it all works before jumping in.

As I get into short-term rentals, I’m curious: What should I look for when picking a location?

I own couple of single home rentals in Tampa Florida and have always wanted to transition from long term to short term rentals.

This can have a very beneficial impact as personal property typically has a much shorter useful life for depreciation purposes than real property.For example, if you are getting a cost segregation study performed on a commercial office building, there will most likely be assets that have been classified as part of the building but are able to be reclassified to real property and depreciation over a shorter useful life such as 5,7 or 15 years rather than 39 years.

At this time, the types of properties that I'm interested in pursuing are primarily multi-unit rentals and short term AirBnB properties.