If you're using financing, evaluate how a rate hike could affect your payments.

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

I manage my own portfolio and have worked as a PM for a very successful individual but have never considered managing other peoples properties.

Stay educated on Florida market trends and BRRRR success stories.Good luck!

Also mortgage rates are dropping.

I'm interested to hear about this due to rate hikes and optimism in the real estate world coming in the year ahead! 

If you’re ever looking to invest in Florida, @Josh Green has a successful STR operations going on in the Tampa Bay Area that is providing his clients with solid returns year round.

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

Rates will range from Prime (currently at 7.5%) to Prime + 4% (11.5%).

With the high interest rates it hard to get much to cash flow with the traditional 30% down.