There is liquidity and liability risk in rentals. The bulk of your money will be made in winter months. Investigate the amount of rentals you will compete with. A neighborhood rental had good activity at first and and has not been rented in 4 months.
I ran numbers a few years ago and the benefits were marginal for me.
Localities can ban short term rentals at any time. See NYC.
Lastly, people were conditioned to believe they will appreciate. I highly doubt that is the case with volume of homes being built.
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