Weather you live in it or not.

And the income from your stock account to provide allowances to weather any downturns with your bricks and mortar real estate. 

I want the STR to be close to the main national parks and still on the fence weather it needs to be rural or closer a city.

They are stunning places, and with so much money around ( especially from Other countries w/ how popular CA is )  I guess there's enough ppl willing to pay outrageous prices to deal with insane policies and other madness,  for the incredible weather/ views.

Bryan,  the most important thing is to ensure you have positive cash flow and enough to weather any vacancy or large repairs. 

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This is where knowing your market and forecast numbers exceptionally well comes into play.

Every state will have their pros and cons like extreme weather higher insurance or higher taxes.

I just don't forecast renting it all. it's personal living space for family & friends. 

Franklin is such a growing county - I know many people who are planning their escape from Illinois financial and political mess and Tims Ford Lake area is popular for housing value and better weather than northern IL.When the time comes and you're past the redemption period on your lot, offer it to the property owners next door and other owners on the street.