Vacation rental program

[Adriane Boggs]

My partner and I have have been discussing multiple strategies to break into the industry. We are interested in purchasing a vacation rental and immediately participating in a rental program. We have enough capital for 20% down on $200k-$250k property but would need a loan for the remainder. Any insight on the type of loan and how we could put the property in a LLC would be great. Also any specific areas or companies that are professionally managed and well kept would be great. We would love to be near a beach and not necessarily looking to make money just generate enough to cover all expenses.

Thanks to all

[Nancy Bachety]

If you are set on having it "professionally" managed, you might break even. It's not hard to self manage from a distance, but it's not for everyone either.

St. Augustine is a top tourist destination, near the beach, and options for managers. I do it easily from 1000 miles away.

Of course, there's the Great Smokey Mountains, a long time STR area with many managers but so many self-managers here too.

It's just a matter of time before @Luke Carl replies to you:)