SLC-Provo Medium-Term Rental interest
Hello,
I am new to the investment property market and am interested in learning if I could reach my goals for a potential investment property. I live on the east coast and want to invest in the SLC-Provo area. Specifically Draper or Lehi areas. After learning of many restrictions on STRs, I think the best way to go may be MTR. Optimally I would love to be able to use the property for maybe a month or two total in the year. Cash flow would be great, but I think I would value appreciation over cash flow. Are these areas good places to start? Am I right to assume that STRs are too risky in the area because of the restrictions? Is there a market in the areas for MTRs? Let me know if anyone has any useful information for me! I appreciate it in advance.
-Mark McGraw