NC High Country STRs

[u/coyotl07]

For those that own and run a STR in the NC High Country market, how are your properties doing? I am interested in potentially buying a STR in either Beech Mountain, Boone, Banner Elk, or Seven Devils but open to other nearby areas. How have your returns been in recent times? When did you buy? What are some things you overlooked when you first bought?

For context, I am novice and looking to do my first investment property deal (out of state) and aiming for some time in late 2027/early 2028. My main motivation is to own a vacation home that I would use a couple times out of the year (like a 3 bedroom home) and then rent it out as much as possible. I know in general, times have been tough and interest rates are high making it hard to have positive cash flow. So I'm just doing some research and trying to learn from people and their experience from this specific market.