I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

I have never owned a home before but I’m considering buying a place here, living in it while I’m here, then short term renting it and using it as a vacation property when I move back to Canada. 

I've learned a few lessons the hard way but I landed here while listening to "The Book on Real Estate Property Investing" by Brandon Turner.

I'm Jaden, and I’m an investor focusing on small multifamily properties in South Central/Southeast NC.

Im about to close in on my first investment property, a large Single family home .

I have a Roth IRA and I own rental properties and the equity within the rental properties I own far exceed the value of my Roth IRA and for further perspective, I started the IRA years in advance to ever investing in real estate.

Are you trying to buy the property from the owner and pay off the property taxes, or is it going to tax foreclosure?

I'm not new to purchasing properties, but this will only be the second property I've ever purchased and the first in this new area.

But you need to have some money sitting around in case of emergencies whether personal or for the investment property. 

I’d love to hear more about what kind of improvements were made to the property and how long the project took from purchase to sale.