I hate to be the bearer of bad news, but if you are living in it and paying property management the rest of the year, you will not cash flow. 20-25% property management for STRs quickly eat into most cash flow when buying in todays FL market.the STR market is saturated and continues to get worse. in turn you have less occupancy and less income. in the next year or so, we will evaluate if the STR market is viable anymore where we are at. 

Please keep us posted as the rest of the details and angles reveal themselves. 

Plus the additional 8-10% you will pay another firm for the rest of this yearLease Renewals:  Confirm if there is language stating the owner's request for rental increases and the responsibilities the management company must take. 

Getting to the bottom of what they really want would separate me from the rest of the contractors.

My bank will finance the rest for me with my cash down payment at 5%. 

Also I found that people sit on the arm rests frequently. 

I’m also looking at other Non-R/E Note opportunities.What is the rest of the Note Universe doing?

You'd only need 3.5% down.From there I'd use the rest on a down payment for a stable B-Class asset.

The rest though the apts all have tile kitchens, LVT floors, newer kitchen cabinets, and such.   

For the rest of this article go to the Illinois REIA web site and check out our blog postGood Luck and Good Investing.