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Updated about 5 years ago,
Looking to buy a Short Term Rental in Orlando area
I reside in Miami and I'm getting prepared to begin the process of looking for a str in the surrounding Orlando area (I know Orlando doesn't allow str). I was hoping to hear some advice from current investors, agents, or anyone who has experience in this area/market already. I know it won't be easy to find something profitable, but seeing as I have a young son (who loves the parks) and friends in who reside there, I'm willing to at least try and search for a property.
I have 3 main questions: what areas should I consider (a friend suggested Davenport, any thoughts)? Assuming either numbers work, what's typically more in demand: a smaller apartment/ townhome with HOA (that also includes amenities like pool and game room, etc), or a bigger sfh with private pool?
And as for my last question (it's really more of a favor), I know how important the core four are, so please any recommendations on lenders/ agents/ and property managers would be greatly appreciated!!!