New short term investor looking for hot short term rental markets
Hi everyone! I am a newbie investor from the Baltimore/Washington metro area. I just got my first long term rental up and running a few months ago and am now looking to try short term rentals to increase cash flow more quickly. I wanted to start with Rehoboth Beach, DE since its been a family destination my whole life and we have a family place there, but after that I was wondering how do I find the hot markets to get into? I heard on a podcast episode that the Smokey Mountains, Florida Panhandle and Joshua Tree are up and coming but what is the best way to find and rank them? I was hoping to aim at a mix of hot markets that are also within driving distance so I both have the option of checking in on it easily and can use it as a lifestyle asset as well.
Thoughts?