I agree with you on the drivable destination being potentially more attractive than flying and increasing exposure - at least until the reaction starts to level off.The breakeven number came from talking to other local property owners about average length of stay for similar properties in the immediate area - it's more of a goal threshold than anything else,

For example I live in the Rochester market but own some property in Destin, Fl. I

Hello BP community, My name is Bobby McGiboney and I am a Commercial Real Estate Broker & Principal located in Miami, FL. I

I specialize in investment properties in Miami, FL. I

Main LLC out of FL. I

Feeling confident with the knowledge I have and the ability to learn how to fly after I make the jump. 

We insisted on making an illegal basement apartment legalWe learned to try to fly under the radar when it comes to the city.  

why you want to make the lease restriction following airplane/flying condition restriction ?

I don't really like multi-fams that much anymore because of the nature of the asset class, with rare exceptions, apartment dwellers tend to be higher turnover which = more expenses= more work= less profit.I would rather drive 3-6 hrs round trip & be home for dinner than fly to the Midwest or Texas (been there) & spending a week in a hotel taking care of issues.To be fair, this just my personal opinion based on my experiences.

I am in search of a CPA to guide me in tax strategies for my only investment property which is a condo in Orlando, FL.  I