I'm not cancelling out any other responses here with the one I am presenting, i am just adding a potential.

I got into this niche due to the low entry cost and the potential for great returns in a short period of time.

. :)Potential Markets:Gulf Shores, ALCorolla, NCRockaway Beach, ORMyrtle Beach, SCCharleston, SCPort Aransas, TXOcean Shores, WA** I assume the California coastline is not cost-effective, I never see it on a list of recommended vacation rental.** We love and have connections to Hilton Head Island, SC but know it is hostile to STRs.** Slight bias against Florida due to anticipated stress and anxiety of watching a hurricane hit your vacation home annually, ha.

@Brian Hunsaker sure a paid off property netting you ~$10k annually, or ~$15k before depreciation, sounds fine.The potentially "silly" way to reduce your taxes is to leverage out your properties. 

You can always reach out to me anytime and I can send you a comp report on any potential properties you are evaluating.Happy investing! 

Hey, all.I recently bought my first property, a multi-family that I am house hacking. 2 units currently, with a third floor that used to be a unit and will be again. I’m living upstairs with a roommate while I Airbnb ...

Nearby Rural: Limited development might mean slower changes to the landscape but potentially fewer surprises.

Would one have to potentially negotiate a renter out of their lease agreement? 

Ours allows this.Hope you understand all the legal and potential liability issues PMC's have to deal with regarding tenant confidential information.

I am brand new to the real estate investing world and discovered this amazing community when I figured out I was wasting my full potential with my 9-5 w2 and knew I wanted more!