Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

Hi Marshal, welcome to the community!

Think of us as super intuitive and easy to use, and providing great training on how to best use the tool and connecting all your marketing tools for you.I appreciate the BP community is always quick to help in the forums here!

If this keeps reciprocating well with the community, I'll keep doing them.

We are in a safe community, so tenants can choose to leave the door unlocked or hide a key under the mat.

Glad to have you as part of this community, Brett! 

Welcome to the community and be ready for a huge amount of information at your finger tips.

So most likely I will pay cash or close to it for her new 55+ community home and our budget is 450k max.

Hi Ryan,Welcome to the BP community and congratulations on taking the leap into real estate investing.Wishing you much success on your journey.

I formed Park Place Communities in 2014, and we started purchasing communities in early 2015.