This would be primarily to use the tax strategy of STRs to offset my W2 income although it's a lot more work than a long term rental. 

State lawmakers are discussing giving cities the option to:• Limit the number of STR licenses issued• Increase enforcement on repeat nuisance propertiesSome hosts are concerned about restrictions affecting property use and tourism income.

That’s a great goal, Steve and honestly, one that’s totally doable with the right plan.If your focus is replacing your work income, the big thing is not just earning rental income but keeping more of what you make.

or would it only offset my w2 income? 

It is nowhere near Sun Valley prices, yet you are only about an hour and a half away.Accessibility: Despite its rural feel, Mackay is an easy in and out drive from larger hubs like Idaho Falls, Hailey, and Sun Valley.Tourism and Recreation: The area has all the raw ingredients for eco lodges, cabins, adventure tourism, or even a boutique ski operation.

You are in the heart of tourism and travel in that neck of the woods so there’s tons of competition.

STR rental demand is sky high in Orlando market and tourism is down SLIGHTLY, which is just enough to have tanked STR market in Central Florida in the last 6 months.

I currently live just outside Boston, MA, so out-of-state investing feels like the right path for me.Since I’m just starting out and looking to supplement my W-2 income, I’m focusing on cash-flowing markets and strategies.

The tourism base is ever more demanding a kind of all-inclusive, all the amenities experience. 

DSCR or no-income loans still exist, but rates and lender flexibility can vary, so it’s smart to also consider local banks or portfolio lenders who may look at your overall financial strength.