Understand the neighborhoods, property values, and rental demand.Financing Options: Explore various financing options.

I do not want to go into another vacation market but rather a metro area with a more diversified economy again just to get into a different type of asset.That being said I do want to continue to short term rent the next few properties we get at least in the first few years of ownership in order to increase cash flow to combat these higher prices and carrying costs before potentially converting to more passive long terms down the line.Therefore I am looking for markets that 1) have a decent draw of visitors year round 2) have regulations that allow strs in some parts of the city 3) Are in growing cities in the west or south.Below is a list of markets I have identified as potential places to look and I was hoping to get some insight from either other investors doing the same thing or agents/investors in any of these markets on whether this is potentially a good market to explore or not.1) Salt Lake City (this is right at the top of my list due to its proximity to ski resorts, expanding of the airport and long term strategic business planning of the area but I have very little knowledge of this market)2) Denver 3) Phoenix (used to live in AZ and like the fact that the state of AZ seems to look favorable on strs)4) Tucson (see above but lower home prices/potentially less appreciation)5) San Diego/LA (these are attractive because of their proximity to my home in Irvine)6) San Antonio (love that it is very close to the booming Austin and feel that this is a market that could see some real growth in the future)7) Tampa/St Pete (I have always been very interested in this market for both short term and long term rentals)8) Raleigh (have invested in Charlotte and love NC but again very little knowledge on this area)Any insights or advice on any of this would be greatly appreciated.

I'm particularly interested in whether now might be a good time to explore short-term rentals or if I should consider using a bridge loan against my properties for something like a BRRRR strategy, minus the rehab.

@Amy DenzlerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

You might want to explore STR tax strategy if you are finding that the long-term rental tax strategy isn't working for your personal situation...

Reach out to us if you have any questions or want to explore your options. 

You may want to explore an FHA 203k loan if the property needs work financed.

We do all our own construction financing in house, but would like to explore the long term financing opportunities.

They'll help you navigate any potential exceptions and explore other tax-saving strategies that might be available to you.

Given your situation, you might want to explore refinancing options or a home equity loan to cover the renovation costs.