If you can weather the storm and up your game, I think short-term rentals will become a lucrative investment.

You want to be in a good position to weather any rough patches (like the pandemic) without going bankrupt.

You need to be weathered a bit before venturing into this space.  

I would like to end up in either Montana or Idaho - I absolutely love the weather here, but is just getting too crowded and expensive.

You simply work with your management company and let them handle the rest.Feel free to download my 2013 Housing Market Forecast for some more ideas on markets to consider for investing.As I like to say, "Live where you want.

Re investors hold more control over their returns, have more possible income streams, and can forecast and see changes coming much easier.

For the average landlord, make sure there is adequate cash flow to weather the storms -financial and physical.

I like where I'm living, I love the area, my in-laws are close by, you can't beat the weather, but I know 100% my real estate investing would be 10x easier out there because of that network and the prices.

now its a business now its something that generate enough cash flow to weather the storm..

Yeah, I had relocated to Seattle, but the weather there had me so depressed I am going to have to move again.