Common syndicator game of throwing out huge returns when other funds are going under because they want you to only look at that shiny number and not what their past performance has been@Chris Seveney 25.7% Annualized Return / 21.7% IRR.This was my first passive investment and yes I was under educated, naive and attracted by the expressed returns. 

But I have to ask, is this unit attracting this kind of tenant? 

The promise of accelerated depreciation and immediate tax savings is attractive.

They are investing in infrastructure, housing, public safety and taking the steps they need to take to attract more jobs. 

Kissimmee & Downtown Orlando for STRs – Market Overview•Kissimmee is one of the most popular STR markets in Florida due to its proximity to Disney World and other major attractions.

While they often require some level of repair or renovation, the potential for significant returns makes them an attractive option for many investors.Why Invest in Distressed Properties in Phoenix?

Negotiation LeverageThe long market time gives you leverage—consider making a lower offer with seller financing.Point out the high rehab costs to justify better terms.Offer flexibility (quick closing, interest on seller financing) to make it attractive to the seller.Final ThoughtsYour best bet might be to negotiate seller financing for acquisition and use a rehab loan or private lender for renovations.

The best strategy is a well diversified one and using great copy to attract the guests you want!

I will say that even though you get the boost from VRBO and AirBNB, the first year of operation is usually lean as you build up the rep.Offering a discount on the stay is a way to be more attractive but don't go crazy.

Once renovations are complete, carefully screen tenants, set clear house rules, and consider furnishing the units with utilities included to attract reliable renters.