Line of CreditPros: Reevaluated every 2 years, extra payments can increase line (can set up sweep account), mortgage payments stay lower if line isn't utilized, keeps strong relationship, can be everlasting source of cash.                             

For an appreciation play I think it's still a very strong market (probably the strongest of those mentioned), but if you're looking for immediate turn-key cash flow you can probably strike it off the list.

@Bradley Strong II, welcome to the BP community and STR game!

Hopefully it is bringing you some strong cash flow.

If you have a strong team of folks near the property (ie. handyman, HVAC repair, plumber, etc.) then yes, it can be managed remote.

I am certain that we can find something local that can work, it may depend on if you have specific criteria you need for bedrooms and location.Generally though, if you don't have a strong financial position, most people opt for cash flow first.

Many of the money-greats have been adamantly against diversifying because they wanted to focus their efforts into one arena, or just a few strong channels.

Also, taxes can be $3,500 for one building and $5,800 for a similar building turning a strong cash flowing property into a base hit.

I dealt with in the Boston rental market during December - February even though Boston is notorious for being a strong market.

That will affect your current ability to attract quality renters or receive strong reviews following their stay if made into a STR.