If your'e looking for purely long term appreciation you will likely do great in these markets but if you're looking to have high cash flow and avoid a potential major pricing downturn.

One of my most profitable STRs ventures is not in a vacation market but it is a unique experience that is within an hour of a major metro hub.

No major issues so far. 

So if I, as a buyer (full disclosure, major newbie here!)

Hi @Paola Astrid majority of time anything  Newark, NJ I suggest selling if you can. 

It throws a major wrench in the eviction process.

You definitely need a summer house to get out of Vegas since it's just the surface of the sun in the summer. well having been in RE 50 years and been through 3 major RE value resets with the GFC the monster one..

(I’m ignoring any extra cap-x because you said it was a condo, but you’d also add any major cap-x to cost basis).

It is where you can eliminate a majority of headaches or sign yourself up for a roller coaster ride.

@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!