Desert Hot Springs vacation rental
Hello, long-time lurker here- I am an LA-based investor with several long-term rentals in Tempe; those have done fine, but I am now interested in the vacation rental market in Coachella valley. Specifically Desert Hot Springs, as it seems that you can get a nice 3BR/2BA with a pool for under $250k, and based on AirBnB searches, there is a fairly strong vacation rental demand in this area. I'm aware of some crime problems there but overall it seems that the area is improving. The lack of restaurants and nightlife are a bit concerning, but it seems many come here to relax and enjoy the spas, not to go out and party.
We would obviously have to hire a regular housekeeper, handyman, and pool guy. Aside from these considerations, would managing a vacation rental from 120 miles down the road be exceedingly difficult?
Any other thoughts or advice on vacation rentals in this particular area? I searched the forums but not much discussion on this city...
Thanks!!