I now pay approximately $1,000 a month less and enjoy the benefits of ownership.

It seems the entire purpose of staying at a lake is to enjoy the lake.

Now you want the rest of us to pay them back while you enjoy your career as a dentist.Did I get that right?

With the STR’s you will have big months bringing in more money then you will have slower months in the off-season as well.The 20% down isn’t the only type of loan you can use, there are possibilities To put less Down, if you use it as a second home/vacation home.

I hope you enjoy and if you have any questions or further thoughts drop them in the comments below!

Some people’s comfort zone is in having a rental that is renovated and in an area that may have high demand and consistently better looking neighborhoods.I have rentals in Taylorsville and Murray and enjoy those areas.

I'd take the equity and buy a vacation property to do a short term rental.

It's like the difference between playing baseball and basketball -- they both use a ball, but understanding or being good at one says nothing about being good at (or enjoying) the other.Beyond saying "Both", I wonder what you local folks expect to see happen.   

I mean, my RE portfolio does pretty well on it's own (depreciation, cash flow, inflation, appreciation).I enjoy doing most of my remodeling on my own. 

An experienced STR Property Manager can eliminate the headache of figuring out what strategy and platform to best market your vacation rental.