We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

It's a great way to talk through your plans and goals for real estate with people that actually understand! 

Personally I prefer homes around that median price because that's where the most demand will be not only for owner occupants but renters as well.

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

Alabama - super low property tax but the rents are lower as well but all in all a good cash flow state.  

Your strong foundation in the stock market and tech background positions you well for success in real estate investing.

What is your plan to obtain this dream?

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

I've done a lot of value add as well so that helped speed up the process.