Purchasing first STR, what am I shooting for?

[Josh Harper]

Hi Everyone,

Looking to purchase my first STR in my home resort town. Prices are pretty expensive here, 400-600k for a decent place. I have about 40-50k down payment for a property and have financing lined up for 10% down portfolio loan. I am also an agent so I will get paid to buy it. Where and what would you look for as my first STR? Or would you go a different route? d love to find something that cashflows if I'm getting rid of 50k liquid.

Thanks in advance, love this community!