Last year I pushed the button and bought a house in San Diego which I've been using as a short-term rental and it's been doing pretty well.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

I would say that as long as you are close to major hospitals, universities, company headquarters, airports, tourist attractions, or beaches, you'll generally be pretty safe in getting your desired return.

It's huge in Atlanta because it's hard to find apartments in Atlanta for under $1200/month, so getting a Padsplit at $700/month is pretty attractive.

We will visit there once~twice a year and meanwhile we want to rent it out as short term rental. ( we are thinking of Florida and that market seems slow these days ) we are in CA. 

I was attracted by them in their FB post.

(for traveling nurses/visiting physicians), Yale students/visiting families (for short-term), adjunct professors, researchers, grad students etc. 

This is using updated data from the MLS and Redfin.Median Sales Price: $382k (down 2%)Median Single Family Price: $433kMedian Townhome Price: $333kMedian Condo Price: $270kAverage DOM: 35Number of Homes Sold: 296 (down 6%)Homes receive 2 offers on average.19% of homes sell above asking still.Average Sale-to-List Price of 98%67% of homes utilize a price drop to attract buyers.The most popular neighborhoods were:- Brier Creek- North Hills- Downtown- West CaryAccording to CBS News: "Raleigh is #2 hottest real estate market in the US, Durham is #4, according to 2024 rankings"Inventory is still below the "norm" but significantly higher than it has been in recent years.

If you believe that they will be short $800 per month I would not approve the applicant.

Long long story short, I wouldn’t pay extra for a pool property but I also wouldn’t avoid a house with a pool.