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Updated over 1 year ago,
STR Location in "The Carolinas"...
Hey everyone. Long story short, I'm looking to purchase my first investment property. I live south of Denver and have about $25k ready to use. I've been looking for a long term rental in my area but investing in a STR might solve three items at once. My wife doesn't love the area I'm looking at locally, she wants to leave her job this summer and she is in love with "The Carolinas" as she always says. So it may be easier to get her on board with the purchase if she's handling guest interaction (job), the location (Carolinas) and buying our first property.
So my question is, using the funds I've got available for a 10% down vacation home loan, where between basically Charleston, Myrtle Beach and up into the Smoky Mtns would you look? I've put the Carolinas in quotes a few times because I don't think she quite knows what that means other than big front porches, rocking chairs etc. I'd be looking for anything in my budget with 2bd and a solid STR market.
Thanks for any guidance!