What markets are you looking at for STRs?

It has been 6 months or so, and I want to get them on a lease, and adjust the rent for market conditions.They currently pay $1,500/month, market for this small house is $2,200 or more

So I looked at some local markets like Sacramento where I'm from and familiar with the neighborhoods but the cashflow would be so negative that I'd be paying out of pocket every month.Now I'm more inclined to buy a single family in KC as it seems the rates won't drop anytime soon so would like to get in the investment game sooner than later and hope for a rate drop in few years to refinance.I have been looking on Zillow, and recently connected to an agent to run numbers and seems I could make about $100-$300 after mortgage payment and insurance.

Here are some tips and considerations to help you along the way:The real estate market in Austin is renowned for its vibrancy.

The short term rental market in our area has been doing really well over the past year and we feel this property is a destination unto itself.

I know the process of touring houses, getting home inspection, researching market rents, looking for tenants, screening tenants, etc takes up a lot of time.

Also, Days On Market (DOM) are up across the USA.

After getting a lot of interest the first weekend on market, no offers came in.

Perhaps to the tune of $2-$3k per month or more.Your property will, in average market conditions, appreciate. 12-24 months after house hacking you ideally will find yourself in the favorable position of having 5-10% equity through loan amortization and appreciation.

Before you start focusing on the team members, I would figure out what Out of State Market you're going to target.