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Updated 7 months ago,
Kissimmee/ Davenport Vacation Short Term Rental to Retirement house
Hello, I am just starting my research and would like to know if my goal sounds possible for the area. My husband and I would like to buy a 3-4 bedroom house single level in either Kissimmee or Davenport area between 400-550K with 15-20%down. We plan to use the home currently for about maybe 2 months out the year and would like to rent it out the remainder of the year on Short term rental. The goal is to have this home pay for itself and eventually be able to retire to this house full time in about 10-12 years down the line. We are not really looking to try to make a profit as we know this area is really competitive with rentals but if we can just make enough to cover the mortgage we would be happy with that. We know we still have to pay for a property manager as well as we are out of state in Michigan and other operating cost along with utilities. We would like to not have to put in more than $1200 per month out of our pocket. How realistic would this be ?