Identifying Locations for SFH/Airbnb

[Steve Fitzgerald]

I'm getting started in buy and hold here in Durham, NC. Starting off with an SFH. I'm planning on purchasing a property that I can use for Airbnb rentals since the market is pretty good here. I want to have a fall back though. If Airbnb rentals don't pan out for some reason I'm going to switch to long-term rentals.

What has been your strategy for identifying areas that are ideal for long-term rentals? Do those conflict with Airbnb rentals?

[Tyler Work]

@Steve Fitzgerald Rented.com put out a pretty good article on STR investment cities, it even has an interactive map. At no surprise, the top cities to invest in are the hottest vacation destinations that have the lowest home prices. @Myka Artis hit the nail on the head with the recommendation to look up laws. This will be more important than ROI when selecting a city. Also beware of the "primary residence rule" that plagues many urban markets barring investors from snatching up STR investment properties. As always, there are loopholes, but I would select a vacation market with as little restriction as possible.

https://www.rented.com/125-best-places-to-buy-vaca...