Purchasing Established (and Furnished) AirBNB Property

[Lauren C.]

Hello all,

Does anyone purchase properties that are existing STR? Either furnished or unfurnished deals. Does it make any sense at all to look at this type of home, and, if so, does it ever make sense to buy sight-unseen? I live in the NE and I won't be traveling anytime soon to the SE region, where income would be vastly greater from this sort of property (generally).

Finally, if "yes", in which markets have you found success using this method?

Enormous thanks in advance!