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Updated almost 4 years ago,
Pensacola short term rentals under $100k?
I'm interested in investing in a short term rental in the Pensacola area that I would use part of the time for myself. I realize that it's hard to get something under $100k that would be in an ideal short term rental location but I'm curious if anyone knows if a smaller house in a "regular" neighborhood of Pensacola would have any viability as a short term rental? I realize the occupancy rates wouldn't be ideal but I do see some rentals listed on Airbnb that seem not in ideal locations but it seems they get at least some customers. Basically I would be happy just breaking even and also am willing to take on fixer project as this would at least give me a place to stay when I'm out there. Also I figure if it seemed possible but didn't work out as an STR I could then just turn it into a regular rental as a last resort. Thanks for any info.