Investing in Short Term Vacation Rentals STR in California

[Atanas Petrov]

Hello,

I have 2 single family houses and a condo in Los Angeles, and have been learning abut Vacation Rentals lately. I'm 2 weeks away from being ready taxes filed etc. to pull the trigger on the next investment property. I have made the decision to purchase a house for the sole purpose of Short Term Rental this time, because I will be able to generate more positive cash flow if everything is set up nicely and it goes well and I can treat it as a business. I initially considered to purchase STR in Florida, but decided to do my first one near where I live so I can learn, and have a hands on experience. I have narrowed down a few areas mainly Palm Springs, Joshua Tree, Yucca valley area, or San Jacinto peak also in that area. Another option is Big Bear, Lake Arrowhead Area, and lastly further near Yosemite and Sequoia National forest which is very seasonal market. I would appreciate any comments or advice and what you think about a specific area that would be good for buying a Vacation Rental with relatively low risk.

Thank you