Rental Property Investor · Nashville, TN · Member since 2016 · 179 posts · 42 votes
Hello All,
What are the best cities to invest in STR under $250k? And also the cities with least restrictions. I travel for my work and like to have 2 to 3 STRs so I can just live there when I need and the rent it out when I am not. Gives a lot of flexibility. I am looking for SFH only no HOA. I was so far thinking New Orleans, Oklahoma City for that Price Range.
I have an Air BNB in northeast OKC and, as of yet, there are no municipal restrictions on Air BNbs. Your budget would give you a lot of buying power in the OKC market. I'd look close to the downtown area as most guests I've had are in town (this is pre-Covid, obviously) for concerts, events, etc. But even during Covid, my unit stayed full most times.