Active duty navy wondering the best route to get into STR

[Shayne Meeker]

Hello everyone! First time posting here so go easy on me. I’m seeking advise from others on what they feel would be best moving forward. He’s my story.

My wife and I are both currently 25 with 120k saved and no debt. We are selling our current home in Jacksonville Fl because we want to capitalize on the booming market. We are set to leave Jax in May of 2023 (getting out of military). So the plan is to rent while trying to find our first STR somewhere in the Smokey mountains. I have considered keeping and renting out our home but the ROI just isn't as aggressive as the possibility's with STRs. We want to sell our home so we have the cash (about 60k) to invest into an income generating property.

What would your recommendations be? Wait and see if the market slows or drops a smidge? Consider other locations for a STR? Shift focus to multi family homes? (Very slow ROI compared to STR imo) I am brand new to real estate but always been an entrepreneur and found ways to make side incomes. Open to hearing any and all ideas!

[Aaron T.]

sell the home in Jax, cash out. then go use your VA loan to buy a 2-4 unit property and STR all the units but the one you live in.