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SRT in sunny isle beach, FL condo hotels appreciation questions
I am looking into buying an investment property in sunny isle beach, FL. It looks like there are a lot of restrictions on SRT and the only available options are condo hotels and some few buildings that has no rental restrictions. While doing some research on condo hotels, I looked at the recent sales from all condo hotels in sunny isle beach listed in the link below. I see the same story of no minimal appreciation or even depreciation in value over the last 10 years in almost all of them. Why is that? What am I missing?
https://www.condoblackbook.com...
Here are links to the condo hotels I looked at:
https://www.condoblackbook.com...
https://www.condoblackbook.com...
https://www.condoblackbook.com...
https://www.condoblackbook.com...