House hacking is an excellent way to offset expensive rents in popular cities.

I haven't been there is 30 years, but it was a popular tourist place back then.

This allowed me to proceed with renovations and my exit strategy (If the property would not have sold within the first 60 days after finishing renovations) was to rent rooms in the apartment as a mid term rental, to young profesionals, which is very popular here in Valencia Spain right now; we call those shared apartments, co-livings or HMO or simply a ¨alquiler por habitaciones¨.

This property was all in, buying a second home away from home and turning it into one of the most popular short term rentals on the island 2 years in a row, before selling as a successful business in 2020.

Not surpised at the growing popularity in these region.

While these are very popular with larger families, there is a shortage of rentals in the summer especially that allow for less than full week rental and are in the budget of couples traveling. 

Seller financing rises and falls in popularity along with the overall tightness of the credit market.

That’s a popular state for a lot of travel therapists/nurses so I’d imagine you could get it booked fairly easily.  

I would think if you’re buying an STR in a popular STR area, it’ll be more challenging to get a DSCR loan because you’re paying top dollar if it’s a proven area so the ratio may be less than what most require, which is 1.25

The home designer suite seem to be a popular choice