Vacation rental in So. Utah or long-term rental on Wasatch Front?
Hi! I'm new to Bigger Pockets and the RE investing world. My husband and I had a rental for a couple years and now we have some cash from the sale of that house and want to use it to get another rental property. After looking some in the Salt Lake/ Wasatch Front area, there doesn't seem to be obvious or plentiful opportunities for cash flow (although from reading, I've heard they are out there, but harder to find and maybe leaner than before). We have thought of getting a vacation rental property in the St. George area instead. Any experience with this would be helpful so we can decide which direction to pursue. I'm not sure what the different cities in Southern Utah allow and which ones are best for renting. Is the Hurricane or Washington area better than Santa Clara? Is a town-home in a resort specific community with pools better than a regular house? Is there a threshold of guests allowed per unit that rents better?
Any advice from your experience would be appreciated. Thank you! Melanie