Does that include covering your (future) retirement needs, health care costs, all other corporate benefits?

If you’re really set on building a portfolio, this might be a good way to go since it’ll give you the liquidity to take on more properties.BRRRR: If you’re leaning towards long-term rental income and portfolio growth, the BRRRR method could be an attractive option, but you’re right to consider the numbers carefully.

So far there is some indication of a little uptick for 2025 booking - I've already booked out a few weeks beyond the winter, which is when I go down and take care of maintenance and repairs - and in the summer, but traffic and inquiries are way, way down.If you feel like seeing a blood bath, just pull up the MLS and look at the Margaritaville development.

Just because Zillow estimates a lower value, doesn't mean people will offer lower than the list price.Also, be careful about the laws with the association and renters.

We do Urgent cares all over the county and get pitched med office spaces all the time, and none fit our profile for visibility, for our use at least, only because we follow a more "retail" modeled approach to site selection, given the business type.  

Add utilities, lawn and pool care $800-1000.

I would be careful about sourcing these types of lists from other operators, it takes awhile to build relationships with various companies and most of the company contacts don't like their information being passed around

As for your lease, I'd be careful with what you are doing there.

Quote from @Jim Reynante: After owning properties C/D neighborhoods with high crime statistics, I have experienced all of the things that go along with it: 1) High turnover rate; 2) Tenants that don't care for the property; 3) Little/No appreciation in home value; and 4) High Crime Rate (burglary, vandalism).I am pretty tired of fixing broken windows, fixing broken doors/locks, and painting over graffiti.

Awesome, STR investing works well here provided that you have a great location and take great care of your property.