Lake house Short term rental

[Jared Luhman]

I would like to buy a lake house in northern Minnesota to use as an STR when we're not using it. There are a few big lakes and then lots of smaller lakes close by. The houses on the big lake seem to be worth $100,000-$200,000 more for a similar house. This would be our first STR and I'd like to spend a little less while we figure out this new business model. I'm curious if people have thoughts on whether or not it's worth it to buy one on the big lake or if the smaller lakes will do just fine? Am I looking at this the wrong way? What other things do I need to consider?