STR on Perdido Key, FL

[Chris Hackett]

Hey All-

Been lurking and reading for a while.  Wife and I are about 7-8 years away from retirement (from Atlanta).  Over the years we've really enjoyed spending time on Perdido Key and are considering an investment in a condo there.  Our goal being to try and preserve some capital and potentially gain some equity / appreciation.  Potentially "flipping up" once or twice between now and then, eventually retiring to the property, or selling to acquire a retirement property there.

I'm an experienced, long-time licensed agent in Atlanta and have done many fix and flip deals in the Atlanta area, but really don't have any experience with STR or MTR, especially in Fl. I'm not looking to create cash flow, replace, or supplement income, so as long as the place isn't hemorrhaging cash, I'll be fine with it.

My 'ask' is to connect with folks who own or manage any STR / MTRs in the vicinity in the hopes of just getting more knowledgeable about the local regs, different communities, etc.

Thanks!

Chris

[Andrew Steffens]

I agree with John about condos - I have never really had positive experiences with them.  Also look into the Milestone Survey (law for FL when condo building collapsed in Miami.)  I did just sell a condo and it has over $100k in assessments to get up to code.

Im 6+ hours south in Tampa, but let me know if you would ever consider down here :)