IS $250k viable for short term rental in San Antonio?

[Ryan Brooks]

I have been thinking about the possibility of a short term rental in San Antonio as I'm familiar with the area. I wasn't sure if getting a property worth $250k (whether buying one in good condition or fixing one up to an ARV of $250k) is viable? I realize that this price is probably below the top spots for it but figured it may still be viable but wasn't certain. Thank you for any information.

[Laura Winters]

I got my first STR at $150k. Not everyone can start with a $1M condo or cabin. It is at least 10 times harder to run a cheap property than a nice property but you will learn super fast as almost every booking will have some issues and you will be booked every day. I had and learned possibly every Airbnb scenario from that property. (Drug party, orgy, auto theft, high school party, prostitution, funeral -yes someone actually threw freaking funeral at my Airbnb) Running a nice property after that is so easy. My cash-on-cash return on that property for the first year was over 150%. Anything is possible so good luck!