Where to invest for STR and MTR

[Ivan Aldana]

Hey BP fam! I'm still doing market research and can't decide what would be a less riskier option for me, is it better to find a property in a vacation destination that's more rural and outdoors or a property in a more urban/metro area? I'm thinking that in more rural areas there's less exit strategies, like what happened when COVID hit, everybody stopped taking vacations. So since it's not really in a metro area you can't really convert it to an MTR or LTR if you had to. The only exit strategies I see is only STR, sell, or go through reserves until vacations would pick back up.While in a more metro area you can convert to MTR or LTR if need be. What do you guys think? Do you any of you guys have properties in both kind of markets? If so, which are performing better in your experience?