A $107k NOI with a 43% expense ratio is impressive, even with rising costs like taxes, insurance, and utilities.

It's much higher than it was a few years ago and is continuing to rise. 

AirDNA shows it on the rise in terms of annual revenue, occupancy rate, average daily rate and revpar, with about 3,000 total listings.

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

But there are also plenty of people who like having community where they live and a home of rising tourists isn't that, no matter what veneer slathered on it by Airbnb. 

With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

Rents generally rise over time, and while mortgage rates are high now, they won’t necessarily stay there forever.

If rents don't increase faster than inflation, you won't have sufficient funds to cope with rising costs.

@Jerry Chilimidos Yes, you can use your SDIRA for hard money lending, with income going back into your SDIRA tax-deferred or tax-free (unless the activity rises to trade or business, then you might be exposed to UBTI).

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).