Condo Short Term Rental

[Kyle Wise]

Hello,

I'm looking for a little insight from the group. I currently reside in Tampa, FL and am in the final stages of closing on my first vacation rental property in Western, NC but now want to focus my sights on a condo in the Treasure Island, Madeira Beach, Indian Shores etc. area. 

My primary goal is to generate solid COCR while using it partially as a vacation spot for my family.

I was curious to see what everyone's experience has been investing in these areas and if there are any recommendations you can provide? 

These are some of the questions I have to generate discussion:  

-What are the returns like for condo hotels compared to unmanaged?

-Views: Ocean vs Intercoastal. Obviously ocean is preferred but are people still doing well with intercoastal views?

-Can anyone recommend certain buildings that perform well over others? 

-What is your top criteria for investing in beach condos? 

-What are potential red flags e.g age of building, assessments, lack of parking, month long rental requirement vs. weekly etc. 

Thanks,

Kyle