My personal example is a one bedroom condo I’ve held my entire adult life - and this is in a top tier market - Dupont Circle neighborhood in Washington DC.

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I'd rely on her to handle much of the day-to-day management.Given this, we're leaning toward a single-family home where we can comfortably rent a room to someone we trust.

Others rely on networking... hooking up with probate or divorce attorneys who sometimes have leads on properties that aren’t widely marketed.If you decide to hire a property manager in the Jasper area, maybe chat with a few owners who’ve used them.

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For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Don't solely rely on third-party management companies; instead, focus on building a solid asset management plan and, if needed, bring in experts or partners who excel in this field.

I am 80 years old and rely on investments for retirement income.

Buying in those areas makes more sense for STRs as the municipalities rely on the revenue.Less chance of a lot of regulation.

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