If you like where you live, I would explore investing in a cheaper out-of-state market. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Hopefully we will be managing a handful of other STRs in the same market in the future.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

Purchase price: $73,000 Cash invested: $25,000 Current market rent $1295 vs $1300 for Section 8.

Thank you Lauren,  Yes, Pad split is already in this market so I think Im good.   

I'm looking for ways to invest in up-and-coming markets in Southern California, such as in San Bernardino County and Riverside County.

Our focus is on delivering 20 top-tier leads each week, so you can spend less time on lead generation and more time closing deals.If you’re interested in streamlining your lead flow and enhancing your success in the Texas market, I’d love to discuss how we can work together.Looking forward to your thoughts!

I'm not super familiar with the real estate market in Couer d'alene like I am with East Idaho or even southern Idaho or the Treasure valley.

I.E. you know the area better than others.Is there a short-term rental market where you vacation at, where you went to college or where you grew up in?