There are many markets that this will work great. 

I, too, am in Tampa and I've been a lender/banker and a Real Estate investor in the market since 1996.

It’s great to hear that you’re already active in the Southern Maine market.

My focus is simple: helping out-of-state investors like you unlock the full potential of the Birmingham market.

All channels can work, but in my experience, the greatest oppportunities often pop up when you know exactly what your returns need to look like and keep your ear to the ground in your market.

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

I guess with certain markets its achievable!

Also, we're not getting anywhere near market rent for the home since its only half the home being rented, however we do feel that we're getting what similar efficiencies are getting in the neighborhood.   

@Audrey Sommer I prefer investing in my local market (Snohomish County).

Alas, this scenario didn't last very long, as you would expect in a free market capitalist society -- new money flood in, more STRs in supply, property prices increase, STR incomes decrease, until a new equilibrium is achieved.Nowadays, the word STR is being used to describe both the property and the business.