I have 2 STRs in Mars Hill NC (in the Wolf Laurel community) that do very well.

With your budget, Laguna Beach and Corona Del Mar meet those requirements.

Some tenants may not go for it but just don't try to thread the needle...even if you can get between Mar-Sep you are doing ok. 

(I'm in Nova as well so I know how expensive everything is, I've been looking out of state).

@Fernando Nova Are you asking which is the better option to persue?  

@Fernando Nova  I think someone from FL would be able to respond to this.

@Andrew Eaton  The market that you have there is much like Newport Beach, Corona Del Mar, and other high end areas.

As you can imagine I find Distressed properties all the time (Oceanside, Carlsbad, San Marcos, Vista, Escondido, El Cajon, La Mesa, Lemon Grove, Chula Vista, San Ysidro, Eastlake, Del Mar just to name a few) and I am looking for investors who would like to buy these properties that they, otherwise, would not have known about.I can be reached at [email protected] 619-892-8903Let me know if I can be of service to you.

Putting offers on a property at 20% discount based on the ARV, is that reasonable or that's long gone. Just looked at the CMA for Prince William County and mostly properties are selling for listing price or more than ...

Welcome Roland,I am brand new to the NOVA area and just read this morning that Money Magazine voted Reston as one of the best cities to live in.