For higher priced properties the 70% rule gives you too high of a profit and your offer won’t be competitive. 

By the way the recent underwriting that i referenced above showed the purchase would be cash negative first year and sustaining for extended duration, but i still made a competitive offer.

Like others said, there's no specific area that you could invest but rather the area where you have a competitive advantage.

@Mike Gi be sure to check Airbnb longer stays and Furnished Finder to see what your competition's pricing and decor are like and make your properties pet friendly if you can as this is always a way to out compete the competition.

You're certainly correct, this market it pretty awesome, which brings in a lot of competition. 

Nearly half of our reservations come with pets and to not allow them would put you at a severe disadvantage in a competitive market.

The real estate market has evolved a lot in the last few years, with more real estate investors making it more competitive and interest rates cutting severely into margins and also slowing down buyer demand (when trying to get out of a property). 

When cycle gets tougher then those marginal agents sales dry up and they go back to that j-o-b especially since they did not save and spent all their money on trips, bigger houses, nicer cars,etc.Good LuckI hope you are one of the few that make it long term. 14 years in the business and still having record sales year after year.The best nugget of info I can give is constantly out learn your competition.

I've often found that the biggest competitive advantage you have when you are getting started is proximity! 

I would lead with what the draw is and what sets you apart from your competition.