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Updated almost 2 years ago,
Investing Out of State - First STR
Hi everyone,
I'm living in Portland, Oregon where there are lots of restrictions on STRs and buying stand alone properties for STR purposes. I've been looking at neighboring cities in Washington that are more STR friendly, but struggling to find a property I can get a return for the price. In my area housing prices are far less adorable than what I've been researching in other states across country.
I'm wondering if anyone has any experience with setting up their first STR out of state? Is this a horrible idea? Should I just keep grinding and try to find something nearby?
Thank you in advance for your advice.
- Alexis