I think it's a bad idea to cash out equity to buy the next property.

I think you're the one who missed the point of my response.

Why do you think purchase contracts are so long and have such small print?

I think there's great potential there for both midterm or long term rental strategies along with a strong potential for rapid appreciation. 

I'd definitely invest in yourself with giving time to listen to the BP podcasts to help you decide which strategy and location you'd like to focus on - think in the car, doing chores, traveling, etc...any spare time you have where you can focus on two things at once!

I would think most have.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

something for you to think about.

Well, you see, it all goes back to the ancient Greek lunar calendar system.In short, it's "loony".I think they mental shortcut for a "month" being different from a week is easier for regulators to grasp.

This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.