"Condo-tel" or single family STR in Florida??

[Rachel Payton]

Looking to buy a vacation property in Florida but stuck on property type. We're looking at condo-tel type properties in the St. Petersburg area, or single family in the Cape Coral down to Naples area. Both come with pros and cons. We are in Oregon, so not having to worry about managing a property from 3000 miles away is very appealing. And inly.being able.to use our property for a few weeksnout of the year is not a problem for us. But at the cost of over 50% gross income, I'm not sure it's worth it. While single family won't have the large management costs, but will be much more time consuming to manage. I've heard good and bad things about companies like Evolve. That 10% may be what they charge, but its for the bare minimum and as management services increase, obviously so does their cost.

I'm just looking for advice from others who have run into this scenario and what would any of you do??