Short term rental (STR) purchase: Davenport, Kissimmee, or other?

[Quentin Moore]

I want to invest in a short term rental (STR) or two. Eventually, I plan to move from DC to Orlando and temporarily live in one of the STRs while I search for a non-STR home. I have these questions:

1. Should I buy in Davenport, Kissimmee, or another location? I can afford up to $300K but if I can get good cash flow at $200-$250K, I'd prefer to do that, so that I can eventually get a second STR.

2. What number of bedrooms do you recommend? Should I go for 4-6 bedrooms or is three ok? 

3. While I know Davenport and Kissimmee allows STRs, is there a way to tell if a particular home listing is zoned for STR?

4. How much in terms of percentage have you lowered your nightly rates due to COVID-19? I'm trying to get a sense of normal nightly rates to estimate potential cash flow.

Thanks!

Quentin.

[Shawn McCormick]

Hi @Quentin Moore. Please reach out to me and see if I can help. I am local to the Davenport area and have sold many homes in this area so I may be able to provide some insight and help you out.