Palm Coast might not have the flashy reputation of Miami, but there’s a lot to love in that area’s growth potential.I’ve been around the real estate block for a few decades, and one thing I’ve seen is that luxury rentals can thrive when they’re more than just “pretty”.. they need staying power.

He is local to the areas that you mentioned. 

Murray Hill is a great area that will fit your budget and allow you to maintain occupancy. 

Whereas tenants in nicer areas may end up sticking longer. 

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

Solid area, home just went on the market.

For certain areas annual pest control may be needed for colder areas maybe you run the risk of freezing pipes.

I’m in the Greater Seattle area—would paid ads work for this niche?

Can anyone share a breakdown or budget for a similar project in a similar area?

if you find the right deal in the right area with the right tenant?