Short Term Rental Expansion

[Tony Gorokhovsky]

Hi everyone,

I'm a fairly experienced investor with 11 STRS in 3 different areas along with around 150 doors LTR. I'm trying to break into a new market and continue expanding on STRs (the areas I have mine in are either extremely saturated or have no inventory). I'm hoping someone can advise me on where to look. My basic formula for STR is the 1.5-2% rule (500k property should do around 100-120k gross) which I've achieved in other markets before. I appreciate all the input.