@Pablo Flores you give some great information and perspective. I would agree with everything said. I would never recommend someone buy an STR in Palm Springs just for cash flow. It would have to be more of a longer term investment. The only thing I might challenge is that for the smaller properties in the Coachella, Indio and DHS communities, you definitely could self manage. A smaller 2-3 bedroom home in those communities don't necessarily require the hands-on touch that the higher end properties do. I know a couple of people that are doing find on their own for that kind of product.
There is a Facebook group called Coachella Valley Short Term Rental Owners that I created a while back. If you would be interested in joining Pablo, I think your knowledge and insight would be a huge value to the group!
