I heard that STR's are banned in St Petersburg but you can only have 2 reservations per year under 30 days and the rest have to be over 30 days which is considered MTR. 

Take your CAPEX reserve fund contributions seriously and be conservative with the amount you'll be setting aside for reserves in general.

@Chris Jordison Check out the bigger pockets book store.

If you want to brush up on PML, I suggest you check out my book Lend to Live: Earn Hassle-free, Passive Income in Real Estate with Private Money Lending available on the BiggerPockets book store.

They give me an Owner Statement each month with all the details like Beginning Balance, Cash In, Cash Out, Owner Disbursements, Ending Cash Balance, Property Reserve, and Net Owner Funds.It’s super helpful, but it doesn't cover all expenses, and I need to get all this info into QuickBooks.

Make a folder to store relevant documents per property.

In many cases right now, I am pleased if the operator stops distributions in order to build up reserves and protect the asset - as long as they are sharing the reasons behind it.  

For the 10-year period spanning July 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.6% in that period.Recent data has given the Federal Reserve confidence that it has successfully tackled problematic inflation while avoiding a recession.

Along with hirer HOA fees they are also assessing to get the reserves up. 

For example, I can get up-to-date pictures of a property (with time stamp on it) for as low as 10$ in 24 hours, most of the time it is more expensive to grab your car and go there in person if you also count your time invested. there is a great book called "long-distance real estate investing" by David Green (you can find it in BP book store or on Amazon) which goes over a lot of those services and find solutions to long distancing investing.