STR Markets with a max ~$550K range

[Wei Jie Yang]

Any suggestions for markets for STR with a property in the range of ~550K?

I have no experience with short term rentals but I'm investing in Cleveland with Holton Wise on a property that we're going to be using as a STR. They're new to the STR managing, as am I, and I am taking a decent risk using them. So I want to diversify a bit into other markets with other people or to self manage.

Anyone have any suggestions in the area I should be looking? I went into Avery Carl's FB group, but alot of people there are telling me that 550K is the least I should be thinking and decent ones are in the 1M range, which is quite a bit over my budget. 

[John Underwood]

You could get a nice house on a Lake that would rent very well for that price.

If you pick a large lake in a mote southern state you would have a longer peak season. 

You should be able to get a nice house around Disney in Orlando for that price.

Ocala Florida rents well due to  Equestrian events.

Maybe Branson area?