Hi Everyone,I explored switching from Hospitable to Hostaway PMS for my short-term rental.

I am looking into purchasing my first condo in Destin, FL for short term vacation rentals.

After that year, you can move and purchase another property with an owner-occupied loan, as long as you intend to live in the new property as your primary residence.

For example most single family homes converted to multi family tend to not preform well for long term rental but if you are open minded to MTR strategy that same property may produce well. 

I'm basically going to be targeting rehabs and potential long term development plays or retail cash flow plays.  

Last year, my husband and I purchased an investment property in Salt Lake City that we turned into a short-term rental.

This is fairly common within the industry and a way to reduce administrative costs considerably since you’re not repeatedly negotiating the base terms and conditions of the contract.

What are the pros/cons of paying all cash vs taking out a loan for the first investment? 

Purchase price: $80,000 Cash invested: $6,000 Sale price: $135,000 Contributors: Peter Vekselman Partner Driven and Seth Choate purchased a property on Pleasant Valley Rd, Hartsville, TN, for $80,000 on 05/09/2024.

The above linked post talks about Breckenridge, Colorado and Keystone as great options for a first-time short-term rental investor because they're "STR friendly."