Vacation Rental Advice in Tampa or Naples area

[Tiffany Ralston]

Hello!

We are considering purchasing a condo in the Tampa, Ft. Myers or Naples area.  The condo would be primarily a vacation rental that we would like to break even or cash flow (building equity) for the next 5 years until we move to Florida for most of the year. 

Details:

We would personally use it a few times a year. We would be managing from Iowa. 

Purchase price ranging from $100k-$300k. Two bedroom. 

Questions/Advice:

-What neighborhoods specifically are desirable as vacation rentals?

-If you have a vacation rental in those areas, how often is it rented, and what is the nightly rate average?

-If you have a vacation rental that only allows monthly rentals, does it rent regularly, or would you recommend a rental that is available to rent on a weekly basis? 

Thanks!