First Short Term Rental Location

[Peter Castrianni]

This is my first post on the BP forum!!

I am currently doing a cash out refi on my primary home. I live in NJ and looking to purchase my first STR, I am just really having a tough time narrowing down a specific area on where to buy. I know this is pretty vague and have been reading a ton of forums but I feel like my mind is going in circles.

All I really know is I want to stay on the East Coast

I have been looking at the Smokies but feel like they are way overpriced.

Poconos but ime worried about the HOAs and restrictions they have. I also feel like Poconos is oversaturated

I was also looking into some beach locations such as Myrtle Beach, OBX, and Florida

Any recommendations or pointers to lead me in the right direction would be great!

Thanks