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Updated almost 2 years ago,
Southern Beach Town STR Search
I bought my first STR last year in New Hampshire with the strategy of purchasing homes that I can occasionally use in locales that I like to visit with my family.
I want to purchase a something near the coast in Carolinas, Georgia, or Florida in the $500k max range that is can be managed fully remotely and I can visit once or twice per year. I really don't have the ability to provide "boots on the ground" but just want the property to sustain itself through STR.
We love Charleston and I have family in Vero Beach, FL but I'm willing to look elsewhere if the numbers are better. If anyone has suggestions on location, team, etc., I'm all ears.
I would have 25% down and mostly likely use conventional financing.
I realize this is a pretty vague request but honestly I have rarely been to a beach community down south that I didn't like so I'm open to getting off the beaten path if it's better economics. In reality this is 20% consumption 80% investment so I need to like the place/area.