Beginning in short term rentals.

[Anthony Bratina]

My wife and I are looking into purchasing our first investment property and are interested in a short term rental.  Our primary goal to start is to create cashflow because we are going to have kids soon and the wife will likely stay home to care for them and we will be down to one paycheck.  Short term rentals are appealing because they can cashflow well but I am not sure we can afford to start in the market.  We were going to invest in an area close to us but after talking to our agent the market is so regulated it is hard to get into or cashflow.  I have a few questions about this:

1. What are good STR markets to start in?

2. How much does it typically cost to get a property?  (I haven't done a ton of research but it looks more expensive.)

Thanks!