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Updated over 4 years ago,
STR and own use in Orlando area
Hi,
I'm looking for a second residence in the Orlando area (Kissimmee, etc.) that I would like to use myself for a few months of the year and then rent out the rest of the year. Ideally short term rental would cover the cost for the year, realistically I'm not looking for high cash flow since I'm using the house myself for part of the time. Since I spend quite some time there, the area is important and ideally also some draws that also appeal to renters (golf, pool, amusement parks, etc.).
* what areas can you recommend?
* are there any communities/country clubs/neighborhoods that are great for this kind of use?
* where is the highest rental potential in terms of $ and occupancy rate?
* is there a sweet spot for bedrooms or other features that I should be looking at?
* Any realtors here that are very familiar with the area and STR?
Any other tips you could give somebody who wants to get started in the real estate investment business? I have quite a lot of liquid cash but don't want to put more than $80k down which brings me to a $400k max price. We want to buy a strictly investment property after the first one as well...
Thanks!