Any recommendations on where to buy next?

[Ray S.]

I'm looking to pick up another STR. Ideally I like to buy STRs that I also would want to vacation at. I was considering a beach location next. I had my eyes on Destin from a while back, but then prices went nuts and I stopped looking there. Is Destin still a good area to buy is it too expensive to make any money? If so, are there any areas or specific condo property names that people would recommend? Or if not, how much would the market have to come down to make it attractive again?

[Chase Hoover]

I'll chime in on the "buy where you want to vacation thing" - instead of buying in an area where you want to vacation (typically high competition, high prices, low returns) - buy a solid investment in an area that will give you great cash flow, then use that cash flow to take baller vacations to a places you REALLY want to vacation.  

Speaking from experience - vacationing at your own STR isn't much of a vacation. You'll spend 5% relaxing, 95% nitpicking wear and tear caused by guests and going back and forth to Lowes. Treat your STR business as a business, and spend your smart-earned money vacationing where you can truly vacation.