GSP airport is nearby.

Fewer investors are looking which means your competing with fewer people and you have a better chance of buying an appropriately priced property.

Hi Adrian,I'm experiencing something similar with my place nearby (on Riverside Dr in Edgewater).

Both long-term and short-term rentals have their pros and cons, especially here in San Antonio.Long-Term Rentals:- Stability: With long-term tenants, you have a more stable income and fewer turnover costs.- Less Management: Once a tenant is in place, there’s typically less day-to-day management required.- Consistency: In neighborhoods like Northwest and Northeast San Antonio, long-term rentals can offer consistent demand due to local schools and businesses.Short-Term Rentals:- Higher Potential Income: You can charge more per night, especially during peak tourist seasons.- Flexibility: If you want to use the property yourself occasionally, you have that option.- More Work: Managing a short-term rental requires more effort with frequent guest turnover and maintaining high standards for reviews.As for platforms, Airbnb is popular, but you might also consider VRBO or Booking.com for short-term rentals.

With small homes you get quick and easy stays with fewer issues, cheaper cleaning fees, higher occupancy, and still great rates. 

Unfortunately this is not an option for us as there is no inventory available nearby, and NYC prices are out of range... so we are shifting our perspective to possible out-of-state investing in order to get started down the path.

Are there other less expensive options for them nearby that they might buy instead?

If the interest rates come down, I can transfer the property back to my personal name, refinance, and then transfer the property again to an LLC or trust.Second and most important thing, I would like to get an idea of what type of property to purchase that best suits for STR in Chicago area , near by states like WI or MI also I am fine as long as it is closed to Chicago. 

We are getting more insurance housing requests and families staying nearby the hospital while a loved one is sick than we are nurses asking for singlets.

A great bet here is to find a nearby township that has an Ann Arbor address.