STR has a lot more risk given the seasonality swings and I cannot understate the time involved in bookings and customer service.Having said that we DO have STRs here in St Augustine, Florida in prime areas in the $400s. 

I'm can record a Loom video response for you.Like any business model, you have to start with identifying the customer and where the demand is.

I've asked our customer support team to reach out.

I think identifying these markets that have a history of vacation rentals (so STR regulations are not worried about), near State or Regional Attractions (alot of national attractions may be priced out but not all), while also being affordable for the average STR investor.

Known for attracting retirees, snowbirds, and international buyers, Florida’s real estate market sees consistent demand regardless of the season.

Its proximity to major attractions, businesses, and vibrant city life ensured strong demand from both tourists and professionals.

But again, read the offering documents carefully as you study the investment opportunities, don’t rely on the marketplace or any random (perhaps uneducated customers google reviews) to do your diligence for you.

It appears they are hoping to attract people that can find deals but don't know how to raise money.

These updates include modernizing the interiors and improving the overall appeal of the building to attract tenants.

Overall I would say it is a great area to live in, because of jobs, cost of living, laws in place (this one more for the landlords), attractions, colleges, etc.