STR Markets with a max ~$550K range

[Wei Jie Yang]

Any suggestions for markets for STR with a property in the range of ~550K?

I have no experience with short term rentals but I'm investing in Cleveland with Holton Wise on a property that we're going to be using as a STR. They're new to the STR managing, as am I, and I am taking a decent risk using them. So I want to diversify a bit into other markets with other people or to self manage.

Anyone have any suggestions in the area I should be looking? I went into Avery Carl's FB group, but alot of people there are telling me that 550K is the least I should be thinking and decent ones are in the 1M range, which is quite a bit over my budget.