AIRDNA - Best Places To Invest
We have the money, now my wife and I are trying to decide on our first rental spot. We live in Atlanta and still considering doing a traditional rental for our first property here (or maybe Nashville), but leaning towards the vacation rental due to higher potential revenue.
Came across this on AIRDNA. Just wanted to know people's thoughts on some of these ratings.
https://www.airdna.co/blog/best-places-buy-vacation-rental-property
For our STR we are leaning towards somewhere in Florida (Kissimmee), Hawaii (Maui), Vegas
Most Popular Reply
The first thing I would do is look at the regulations in all 3 areas. Vegas is getting stricter as is Kissimmee. @Mike V. can speak to the Hawaii market.
The best markets with the highest returns vs. purchase price are The Smokies (I own 5 there), Panama City Beach, Big Bear, and a few others. The Palm Springs are also yields huge returns, but I believe their regulations allow 1 property per person and has minimum stay requirements. Hope that helps narrow it down some!