Best markets for a first time MTR/STR investor

[Jummai Apata]

What markets are best for an MTR/STR newbie? Which of the following markets would you recommend for a first time investor with limited funds?- Greenville SC, Indianapolis, Poconos, Nashville, or any other?

[Matthew Irish-Jones]

There is no best market, but limited funds is not a great way to start and STR's and MTR's are an even worse way to start with limited funds.

You have to fully furnish the units out of pocket. If you are investing out of state you will need to pay a STR management company who's rates are going to start at 20%, which does not include furniture design, installs, shipping, set up, etc... the labor alone on setting the STR up will bleed you dry.

I don't know what a little capital means to you, money is relative after all, but to me I would suggest house hacking is a far better strategy.  If that is not an option LTR investing allows you more flexibility and less out of pocket.