Palm Springs short term rental... good idea?

[Jeremy Grubaugh]

I’m currently looking at a few properties as investment opportunity in Palm Sorings. Does anyone have any experience or ideas on financials. I would only be interested if there is actual cash flow from rental vs just equity year-o-year. Anyway, this would be my first investment property. I have 2-300kbto put down and thought Palm Springs is hot for ST rentals but I know the city is particular. Any advice welcome.