But otherwise, it's a great way to boost your rental numbers.

Purchase price: $143,000 Cash invested: $10,000 Sale price: $153,000 Lucrative vacation rental, Intracoastal fronting, dock and deep water boat access, resort vacation community in the heart of Palm Beach.

Not impossible, but the odds are stacked against you and often you are competing with extremely well qualified and experienced investors.I've been hearing for years that people have been just killing it in the short term rental space, but I'm a conservative investor at heart and while revenue is frequently higher, there are many additional expenses and often an exceptional amount of volatility just inherent with short duration stays. 

That holds a special value in many hearts...lol

You seem to have a great heart by the fact you even had this question.

Staying local is still better IMO, but if you have your heart set on passive out of state, there's an alternative.

SD is the long term play and through appreciation you'll experience large equity boosts over time.

What do they say...follow your heart but take your brain with you?

Stock buybacks are also a common way to falsely boost earnings per share without a corresponding boost in actual earnings.

Blue cities are typically filled with "bleeding heart libs" that like to separate responsibility from rights.