Acquired our first rental property and working to attract a qualified tenant.

Vacation rentals are usually much nicer, are close proximity to attractions (beach, mountains, lake, theme park etc) and have nicer or more ammenities.

Condos are cheaper than houses, and to my mind, a vacationer wouldn't care much about staying in a bigger place for their short stay, and would be more concerned with a good location and a nice view.Thoughts?

The appeal, in my experinence, is a steady local base plus some vacationers passing through.I’ve got a freind who scooped up a place near the Ozarks and found that while huge cash flow was harder to come by, the consistent occupancy gave them fewer headaches over time.

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

It makes your house more attractive and reduces vacancy.

Be sure to dig into the HOA’s finacials before you buy.Renters: Miami attracts both long-term renters and short-term vacationers.

I need to reach people looking for temporary housing, but not vacationers - because Castle Rock is not a place people go for extended vacations, especially in winter.

Hi BP Community,
I’m a multifamily investor based in NJ, transitioning from smaller multifamily units to 6+ unit properties. My goal is to acquire and stabilize these larger properties using private lending to fund d...

If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare.