I agree. If you need to offset the cost of the RV by renting it I would STRONGLY caution against it. A bank is going to want 10-20% down and expect your rate to be about 8-10% with good credit. A lender is also going to want to know if you'll be renting it. RV's depreciate at a pretty rapid rate - especially when there is a saturated market, demand is down and rates are high. What that means is, when you buy a $100k motorhome, it's worth $80K when you drive it off the lot in fair market value. In a year it will be worth $60k if it's rented. I am not exaggerating. That's potentially a $40k loss in a year. Will you make enough to not only offset depreciation but cover the monthly payment, insurance and repairs? (There will be repairs). Most Air BNB's rv's are TT's. The reason - as previously suggested, your capital injection is much less and far more conducive to what you want to do. Motorhomes are expensive and they require more maintenance.
Sounds like your mind is made up, but are you being honest with yourself, or telling you what you want to hear to justify getting a MH when you really can't afford it?
If you want a motorhome that badly, take the 10-20% you were going to use as a down payment and find an older well cared for unit. The memories will come no matter what type of RV it is and you'll be way ahead of the game financially with almost no risk to loss of value - And countless other strangers won't be sleeping in your bed, using your bathroom and beating the stuffing out of it.
I am not trying to be condescending, I am truly trying to help. I've owned an RV rental business. It is not for the meek of heart. It's amazing what strangers will do to rentals. Disgusting actually.
