Instead, this rise is influenced by certain listings being unavailable during this period, along with higher prices set by some high-end listings to offset lower demand.Now, let’s examine the variation in cleaning fees per day of booking across the year, applying the same filters as in the previous case.Here are some observations:In contrast to the average daily rate, the cleaning fee per day of booking remains consistent throughout the year.The average value for our subarea in Okaloosa Island (represented by blue dots on the map) stands at $20.6 per day of booking.Financial Case Study: Analyzing the Performance of a Short-Term Rental in Okaloosa Island, FloridaIn this section of our analysis, we are going to conduct a financial case study to understand the expected performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Santa Rosa Blvd., in Okaloosa Island.Here is a summary of our findings from the previous sections:There are two demand hotspots for short-term rentals in Okaloosa Island, with the one located at the southwest of Santa Rosa Blvd exhibiting a higher occupancy rate (69.6%) and a higher average daily rate ($306).The top-performing listings in this area typically feature 2 bedrooms and 2 bathrooms, with 5 out of 8 listings having these exact characteristics.We have analyzed a chart containing the top 100 most common amenities for top-performing listings with 2 bedrooms and 2 bathrooms.The high season extends from March to the end of November, with May and July being the peak months.The average daily rate for a 2-bedroom / 2-bathroom unit in this area throughout the year is $306, with an average daily cleaning fee of $20.Now, assuming we have located in the for-sale market a 2-bedroom / 2-bathroom unit meeting all our criteria, our objective is to run a financial case study to estimate cash-on-cash returns and other relevant parameters.The chart below presents all the inputs for our financial case study:Some observations:We anticipate receiving 40 reviews within a 12-month period, which is a conservative estimate based on our previous analysis.The bookings to review rate has been established at 85%.

Seasonality in the Short-Term Rental Florida Market remains a consistent phenomenon with minor variations each year.

Say your firm splits 50/50 with you (there will be some variation of the split it could be as much as 80/20 or 70/30) but that $12,000 comes into the firm and say you get 50%, so your taxable income on the transaction is $6,000.

I think someone else mentioned a variation of the BRRR model. 

Want variation?

Agreed mate.Too many variations and mud thrown on the word over the years.Maybe we should come up with a new phrase lolSomething on the lines of "House Hacking" and "BRRR" 🤷‍♂️"Fully Renovated And Tenanted""FRAT" property investing lolCut the FAT and invest in FRAT haha

I've heard a lot of people say they've tried every variation on all this and no matter what, some clients will complain. 

Plumbing, has been the longest running housing system in operation and thus has gone through the most changes and variations.

Is your name the Hebrew variation of the name?

It sounds like the other additional issies related to the existing structure would also require some significant work for remediation, so there is definitely more to be analized in terms of the existing structure.In regards to wrecking the existing structure and building new, that would definitely be the easiest thing in terms of a Code Compliance perspective; however, I assume the financial portion of a project of that scale would be significantly more than any renovation work you want to do the existing structure.In terms of trying to add a 2-story addition onto the existing coach house structure(or any type of addition), this would Not be permitted without obtaining significant Zoning Variations (which have no guarantee of approval).