Best STR returns in the Destin and 30A area-Homes or Condos?
As I am starting to become frustrated with inventory availability of STR's in the Gatlinburg/Pidgeon Forge area, I have turned my sights toward the the Panhandle area for investment. I haven't been, although I will travel there soon hopefully, so I am trying to figure out the area.
Am I better off for investment purposes with a house or a condo? I was thinking of a condo, but after looking at the HOA fees of many of them I am a bit jaded. I was thinking ease of care and oceanview with a condo, but then I noticed many homes don't require much upkeep outdoors.
Between HOA fees and higher taxes down there compared to Tennessee, I can see there is a bigger bite coming out of profits. I have become spoiled looking at returns in Sevier County!
So, where would I find the best returns, in homes or condos? And in what areas?
Thanks!