., lower Airbnb income, longer renovation time)Consider professional property management to reduce your workloadEnsure you're compliant with all local laws and regulationsFactor in potential capital gains taxes or other tax implicationsRemember, while the potential returns look attractive, real estate investments always carry risks.

So if you sell your property you could get a duplex or multi-family somewhere with a more attractive market.

Appreciation is the most attractive thing about the miramar and destin market if you buy the correct property!

A property with a high Cap Rate might be more attractive if the investor is looking for higher yields, but it might also signal more risk.

It may also make your property more attractive for refinancing at a lower rate or selling at a profit.6.

If you allow pets (and most people treat their cats / dogs as family) and a good portion of the tenants have pets, partner with a local veterinary clinic that will provide a free visual exam or similar service.   

I have noticed my problems occur almost exclusively with the smaller/cheaper homes that attract single people or unmarried couples, usually without kids.

Both are attracting attention for their affordability, growth potential, and appeal to new residents looking for a quieter lifestyle.

A bit long on the payback but add in any value increase to the property from doing it, including its increased attractiveness to condo conversion down the line, immediately better cap rate, etc...and it could be worth it.  

It's an awesome place to live in a city that will always attract young ambitious talent.I'm not suggesting that these specific markets are good for you.