To earn passive income through short-term rentals, investors should ensure their rental rates are competitive, provide excellent customer service, and maintain a well-appointed and well-maintained property.6.Flipping HousesFlipping houses involves buying a property, fixing it up, and selling it for a profit.

If you’re looking for someone to ask questions weekly or monthly, expect to pay the consulting rates you’ve been quoted.

Purchasing your primary with this money, unless it produces income, will likely cost more at the higher interest rates of today vs what you have as a rate on this property.

Well, I don't have a credit limit of 100k so thats out, plus the interest rate?

Secondly, depending on the interest rate you get for the new loan - a highly leveraged property may not cash flow or cash flow well - so one missed month of rent due to vacancy or a major expense comes up - that wipes out your cash flow for the entire year (or more!). 

Being that cleaning was guest-paid in the reservation, we were able to control this quite well while still incentivizing top tier quality control with having a contracted per-clean rate.

I would estimate the daily rental rate would $3-4k and around $25k on a monthly basis.

Of course, the rate can be slightly steeper than the conventional loans where it is a full document loan, where they need to qualify you based on your income.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

It's a small commercial loan for 5+ units, but also, too small to qualify (from what I understand) for fixed rate agency debt? 

Interest rate is at 4.75% and the mortgage payment is slightly less than the market rent in that area.