They equate the period leading up to the time its ready to rent as the risky part of the real estate process and pay a premium to bypass that part but this leaves them with unreasonable expectations because the real estate they purchase is inherently risky.

Your insurance premiums will rise and eat up any insurance payout you get, unfortunately.

I haven’t reached out to any lenders yet but have a short list of them compiled.

I’m based in Tampa and run Graystone Investment Group, focusing heavily on helping (out of state) investors find and manage properties here in Florida.Totally agree on the importance of understanding those short-term rental rules in Florida—each area can feel like its own little country with all the different regulations!

I'm currently listed for short term rentals and am starting to get a few bookings into April and May...would hate to cancel BUT would take MTR as preference.

Given your strong credit score, a credit union or peer-to-peer lending platform may offer better short-term financing rates.

These are 668 square feet and will rent $1600-$1800 depending on the urban adjacent neighborhood. that's rental prices of $2.39 to $2.69 per square foot. that's on a long term rental. on a short term rental the prices would be higher but we haven't had any clients do that yet.

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

Long term/ short term rentals would work, ideally in the $400k range or lower. 

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