It might be anywhere in the country but right now are interested in areas our kids and grand kids are in.

There are people still moving to TN, which will continue to push pricing up, and while most of the country has seen rents either flatten or go down, most of these markets have done pretty good.Problem is in the short term it may  cause an affordability problem, especially in the smaller markets that don't have enough building.

ITs going to depend on a lot of factors but just jumping into STR "around the country" (i.e. potentially very far from yourself) is going to be challenging - property management fees are going to eat up a lot and its hard to cash flow as it is with current rates/prices.Most people would start with LTRs as its generally good for the "first investment" to be more of a learning experience and chalking up a lot of mistakes - so keeping $ amounts low, leverage conservative and the investment as "vanilla" as possible is generally good advice

To really reap the benefits of your ownership of the NY property over the years you'll want to sell and do a 1031 exchange whilch will allow you to reposition your real estate anywhere in the country and into any type of investment real estate --- without having to pay tax on the profit from your sale or the recapture of depreciation. 

It's our goal at Rent To Retirement to bring the best turnkey deals across the country to our marketplace and to help our investors find the best financing options that meet their goals. 

We are looking into wineries (Longshadow and Thornton) and a couple of beautiful country clubs at the moment.

And flying out lake Chelan to Stehken for the air tours  such awesome country and such a well kept secret.. 

Texas’ active inventory in June 2024 was about 4.6% above its June 2019 levels.That means, of course, that the inventory situation in much of the rest of the country is still quite tight.

I am new to the real estate business and this country, thats why I really appreciate any guidence here.Thank you in advance folks!

Local or National Expert - There are certain areas of the country and property types where the most advantageous place to seek financing will be with a local lender or recommended area mortgage broker.