When choosing a city or neighborhood for investment, it’s crucial to consider:Economic drivers: Look for areas with diverse and growing job markets.Population growth: Areas with increasing population tend to have higher demand for housing.Rental yields: Compare the average rent to property prices to gauge potential cash flow.Future developments: Infrastructure projects and new developments can boost property values.Additionally, it's vital to get local insights.

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

The Tampa Bay market is more of an appreciation play than a cash flow, so I don't really know your ultimate goals with this rental.By the way, I saw that you are here in Sarasota.

So ultimately, its about goals - what are you looking to accomplish, and resources - it takes more money to set up and run an STR vs LTR.  

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

https://www.zillow.com/research/2024-hottest-market-33566/My thought is why go with the second best hottest market when you can go with the #1 hottest market in Buffalo LOL.These lists are somewhat accurate, but ultimately they are not very important. 

I speak to a lot of newer investors that can never seem to simply take the steps necessary to purchase their first rental property, which is frustrating all around, and ultimately a time waste for everyone. 

I was on the roof of my home for a few days and ultimately made it to Lafayette, La.

We would ultimately not want my parents involved long term so they can recoup all the cash they have in the property. 

Ultimately, the choice will depend on your goals.