STR and Sedona Az market

[Shaival Patel]

Hi,

I am looking to invest in STR primarily to utilize Tax benefit but also secondarily to diversify. Based on my readings, it seems imperative to maintain Cash flow through STR. Any advice if Sedona is a location that seems conducive to such a proposition. Regulations seems reasonable in Sedona but again my comparison point is Palm Springs CA. Initially was thinking closer to LA … Palm Springs, Big bear, Joshua tree etc. But more I dig, I am more convinced to venture to AZ. Scottsdale is also of interest. My budget is about $1M with leveraged financing.