Hi Patrick,Not sure where your STR is located in Maine but you may also want to consider and monitor what is going on w/ STR regs in your area.

Some other pros would be weather, globally sought after, growing infrastructure across the state to accomodate high speed rail, space industry, we have several major airports, growing tech/medical industries as well as the ever growing theme park monsters that help to bring in about 70 million people a year here, we stay pretty purple with politics and very alternative lifestyle friendly, schools overall aren't great, but we do have some very good ones including prep schools/acadamy's. landlord friendly and so much more too!

This is with the assumption that it is a decent area and all infrastructure is complete.

And if not them an appraiser and if not them pay a civil engineer to do a look see on the infrastructure or lack thereof. 

3) Analyze all properties sold that fit your criteria that sold in the past 90 days and continue to monitor the sales until you become an expert on that property type4) Talk to lenders to see how much you qualify for as a down paymentBest of luck!

Tons of economic growth in the city with large companies building infrastructure here.

I would only look at one of these vacation zoned neighborhoods as they have all the amenities and infrastructure to STR.

My ultimate goal is to bill the tenants back but the other main reason I am installing them is to monitor potential leaks.

Let the experienced Manager or Management Company do their thing and you just monitor their performance and results on a weekly or monthly basis.

And for those things that do pop up, they are likely covered under a home warranty from the builder- Modern amenities and new infrastructure, with energy efficiency in mind- Streamlined buying process, with no bidding wars with other buyers- Builder incentives (normally with builder-affiliated lender) and quick-move in options...and I have been seeing a ton of bigger incentives this fall in the Tampa area as mortgage interest rates rise and buyers have slowed down from 10K to 15K to 30+K in closing credits!