re: Purchasing property to short term rent

We have an STR in a resort area (Rockies). Lots of good advice here…be mindful of local restrictions and politics. Know your tax and license fee exposure. Management costs aren’t cheap.

I wouldn’t buy at these interest rates unless I was dropping a substantial down payment and planning to be in the property a very long time.

We benefited from the post-pandemic equity boom…don’t count on that. You’re likely buying into it. We got lucky on timing…not sure a buyer now is. Good luck.


And don’t forget the guiding rule of real estate investing….location, location, location.