Best places for Short Term Rental Purchases and High ROI?

[Dominic Pizzi]

I am seeing a larger number of people get into the Short Term Rental Space as they can cash flow their properties better than a LTR. For people who are looking into STRs, currently have them, or brokers whom have clients that are taking the step into looking into them more:

Where are you seeing the largest influx of STR purchases? Does a buyer need to shell out a large amount of funds in these areas and have to recoup it through Airbnb/VRBO listings? How have your STR experiences been overall?

I am curious as I will be starting my own real estate journey soon, and Airbnbs seem like the most profitable avenue at this moment! Would love to hear everyone's opinions.