You are definitely negative cash flow.Yes, I would consider selling it and moving the money to a property that performs better.

Always check flood maps and factor in flood insurance if needed.Historic Homes: Bay City has many beautiful historic homes.

The has been a lot of cases where the rehab was done to make it look beautiful to the buyer but everything behind the walls or where eyes cannot reach is done incorrectly.Even big new home builders do this kind of shady business where it comes to a point it is necessary to order inspection for new home builds in US .

What are the top amenities in the area for the high performing STRs?

Planning performs a thorough review to make this determination including searching publicly and also checking to see if anything was reported to the SF Rent Board or a DBI complaint.

Both are very beautiful places!!

Hi everyone,I’m conducting some research on what impacts the performance of vacation rental properties the most.

However, there doesn’t seem to be (in general) a more consistent performer as to appreciation than the SFR. 

I’ve encountered managers who were fantastic in most areas but lacked in one or two key traits, and that was enough to impact the performance of the property.

Also @Tim Phillips something to be aware of in FL, all condos older than 30 years and taller than 3 stories are required to have a "Structural Integrity Reserve Study" performed before the end of this year.