This can affect your cash flow and requires careful financial planning.Competition: Popular vacation areas often have high competition for rental properties, which can impact occupancy rates and rental prices.

Homes will have even more deferred maintenance and tenants will be even harder on them.Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.

No rate buydown, 3 year prepayment penalty, no seasoning required with verifiable rehab.

Florida has a lot of issues with processors as they are required to go through a rigorous process.

However, HUD/FHA guidelines require your mortgage lender to select the 203k Consultant. 

Will this arrangement meet 1031 requirements?

Homes will have even more deferred maintenance and tenants will be even harder on them.Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.

She wanted to know what ventilation was required and if there was an exception to the rule.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

Pros: Least disruptive to my current lifestyle, gaining experience in a vacation destination aligns with my long-term goalsCons: Highly competitive and expensive market, NOO STR is very unlikely for my situation, finding a property in an area that’s appealing to tourists may be difficult.Scenario 2: Buy property in a market adjacent to Nashville without owner occupancy requirements for STRs (e.g.