Pre-planned STR Communities? Looking for our first investment!

[Darian Lupton]

Hey guys! Newbie here.

My wife and I are looking for our first property, and what we want seems to be hard to just “google” and find so I thought I’d get on here and get your expertise on what’s out there!

We are looking into communities that were built specifically for STR purposes and have built in management/cleaning services on site. I've seen a place like this here in northern Michigan (Boyne Mountain Resort, for example) but we'd like to see what is out there in other markets. Looking to spend less than 400k, condo/townhome style is fine. We are either looking for a cool ski resort or something in a tropical market. I know, two different things, but again, just seeing what is out there.

Thank you all for your help ahead of time.

[John Underwood]

I personally avoided these due to high mandatory management fees.

You have no option should you decide to self manage or get a new PM if they are not performing well.

I like to have options.