I'm hosting a local meetup in Mankato, feel free to shoot me a message if anyone is interested in joining!

Starting with the Right PropertyGiven that this is your first STR and you’re planning to manage remotely, I’d suggest focusing on a market with a strong local infrastructure for short-term rentals—like Panama City Beach or Destin.

I detailed LOCAL government will be on point.

I put my money where my mouth is and I am also buying properties in localities where I am selling to my investor clients. 

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

You can check with the Better Business Bureau (BBB), your state’s department of business oversight, or your local real estate community.5.

Perhaps check with a local attorney before proceeding.I realise I left some stuff out in the beginning, but the whole situation in general is just pretty wild.

I probably dont have a good comparison as I only know/invest in my local market.

Hey all!
Wife and I are coming down from Toronto, Canada and we are looking to network with current investors, PM, RE Agents, etc...
I tried finding meet ups in the forum section "Events & Meetups Section" but h...

So going to attempt something more local first. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.