First time STR

[Jim Hagstrom]

Hi Everyone, I just started my journey with my wife to purchase a Condo in Palm Harbor Florida. The condo is part of an estate that I will inherit 1/3 of. We are thinking this might be a great start for an STR. So we are now assessing this to the best we can and we found this forum and are hopping for lots of help here.

Thanks for having us.

Jim

[Cathy Svercl]

sounds like you are in the Eastlake area of Palm Harbor (east of Lake Tarpon). which uses unincorporated Pinellas County zoning. however, as already mentioned, the HOA or Condo Association Documents are likely more stringent, and they will tell you if you can rent out the condo. don't get stuck with a condo you can't rent if you don't want to live there or sell it. (first rule of buying real estate investment is to know how you can get out of it before you buy it.) you will also need to know the HOA or Condo fees, which can be quite high, to figure out if the numbers will pencil. some of these places don't post their info on any website, so you may have to contact the Neighbors and find out who sits on the Board.