STR Enemy Method in Panhandle of Florida

[Karoline Kaon]

I am working on converting my LTR to an STR. It has not been updated, needs new flooring, roof, cabneits. To get an idea of how to update the place, I am using the enemy method to calculate how much I can project to make/make back my investment of fixing the place up.

However, I am having a hard time finding places rated with 100+ reviews. What do you do in that situation? I am also struggling to find places that are more inland relative to my place I am a 15 minute drive from the beach. I am targeting more of the nurses who want to work at the hospital near by. Any advice or tips? Is there a place where nurses generally go to find housing?

[Luke Carl]

Luke here. Creator of the Enemy method. As familiar as I am with the enemy method and the panhandle of Florida (I live here most of the time)... I think you're issue is you're in an area where not many people want to vacation. Need to be closer to the beach. If I had to guess this is in a residential neighborhood. Possibly a brick ranch. Possibly in Pensacola Ft Walton Beach area? Again, all I can do is guess. Let us know where this thing is! 

You can "airbnb" anywhere. But my guess is this is not a "vacation rental." You'll be fighting with your neighbors and if you're advertising it as a beach property your guests will not like you. Doesn't mean it won't work! Just make sure your guests know exactly what you're renting and go door knocking your neighbors and warn them that strangers will be puking on the lawn (a joke of course. Sort of).

With a lack of information, this is not something I would personally do. But there are millions and millions of folks "airbnbing" with massive success!