MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community - we did have several from St Joe at the meeting last month. 

Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

I, being new myself, was considering a GURU approach.  

This approach would be a little more sound and simplistic, in my opinion.

I'm currently focused on expanding my portfolio of leased properties for short-term rentals.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

(For example, IF I was able to purchase the first home (multi-family) outright, paid-in-full, then use a HELOC to pay for the down payment and closing costs for the second home, would that be a smarter approach?)

Unlike most dynamic pricing tools that follow traditional pricing strategies, Nightpricer employs an ADR-based approach, which adjusts pricing based on the actual daily rate trends.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.