$8K per month in cash flow w/ STRs?

[Dana Boyd]

Hi Everyone, question about cash flow from short term rentals. If I have a goal of getting $8K a month in cash flow from STRs, would you say that the best way to achieve this goal is to buy many small properties or 1 or 2 large properties within the next year? I have $300K to invest and live in northern CA (a very expensive market!) and am looking at vacation areas up here in norther California. Thanks. 

[Alex S.]

If you get a 20% down loan, you are in the $1.5MM range.  Depending what market you are searching...it'll be tight to get something really nice in NorCal, but totally possible!  I'd get 1 property if I could, but the biggest priority is the quality of the deal.