FIRST STR: Destin, Smokeys, or Branson

[Pearce Trenary]

I am currently working through buying my first STR and am looking in the Destin, Smokey, and the Branson, MO markets. Out of these markets which one do you believe is best in terms of the greatest monthly return on investment? I am also open to other areas if the numbers work. My purchase range is 350-550k but would like to stay on the lower end of the range.

From my research, the Smokeys look the best on paper but the properties are usually out of budget or on the upper end. With Destin, I worry the HOA and insurance (hurricane) cost could cut out a lot of profit. Any input would be greatly appreciated

[Alex S.]

I grew up on the Gulf Coast of Texas.  Hurricanes are a thing, but that is why you have insurance.  Make every fear you have into a number and add it into your gonkulator of what makes something a "good" deal.  Florida has hurricanes, Smokey Mountains have bears, and Branson has Dolly Parton...all risks that can be accounted for by putting a dollar value on them.