Looking to purchase first STR in Fort Myers, FL area - Any tips from other investors?

[Joseph Kirk]

Hi all,

I am planning to purchase my first STR in Fort Myers, FL sometime in 2024 with my brother. I have two other properties in my home state (NJ) with long term tenants, however I plan to sell one rental and 1031 into this STR, as I feel there is more money to be made in STR in a nicer area like Fort Myers?

I am looking for anyone's thoughts/opinion on that statement about STR > long term, as well as any pointers to begin looking in this specific market , checking out comps, figuring out if certain properties allow STR, etc.

I just found out about AirDNA which shows the analytics. Any other websites similar to this, and is it worth upgrading to basic plan?

Really any pointers about any of this would be helpful. Thanks in advance.