This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

Can I 1031 into a new build?

You can also plan your calendar for the year with this in mind if you have a high seasonality market where STR crushes and then dies off.

Can anyone share from personal experience working with any of these guys?

You can drive by to see if they are moving, but don't knock on the door, call, or text.

Obviously, rents are very cheap there, but it seems I can find MLS listings that match or come close to the 2% rule.

If you can do 1 project 100% out of pocket or potentially 3 projects with liens from a lender then you're giving yourself a better chance with the three.

You can not target motivated sellers.

Thanks in advance for any help/advice you seasoned pros can give a beginner!

Let me know if I can help here in any way!