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Updated over 3 years ago,
STR Markets in Pacific NW? Is anything viable for cash flow?
Hey everyone - first time real estate investors here. My wife and I are looking to purchase a STR property to rent out for cash flow. My wife has a background in property management and we have owned LTRs previously. We would prefer to have our first property be in the Pac NW area as we live in Seattle and this would be our first experience with STRs, which we plan to self manage. We don't necessarily need a place that we want to visit frequently ourselves. Cash flow is more important.
After some initial research, the market in WA in particular seems tough. Lots of regulations in some of the more popular vacation destinations, very high prices, etc... Anyone having success buying STRs in the Pacific NW in today's market?