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Updated over 2 years ago,
Purchase for Short-term Rental in Englewood FL?
Please move if this is the wrong forum.
I own a 53 longterm rentals in Pennsylvania. Looking at buying one STR in Englewood FL. Mainly because we have family down there and would like to vacation there ourselves and possibly be "snow birds" some day.
We have our eyes on a 4 bedroom house. No HOA. Walking distance to marina and restaurant. 155k. 1k annual taxes. No pool.
Does anybody know the area? Is this a good deal?
We're looking for something at lease cash flow neutral (obviously would like to make something) that we can use in the off season and someday use several months a year ourselves.
Any thoughts? Advice? We have lots of experience in LTR but never STR. Any area specific advice? Is this a good deal?