We will sell the home in May 2025 when my son graduates, and I will share the profit with him.

Solid profit on the deal in the end.

., and Anderson Ave.Assuming your unit's value is consistent with the average unit sale, you'd have a roughly $90,000 gross profit. 

Pay a pm and the profit is significantly reduced 4) path of progress.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

Partner with this person on one or two deals where you provide the money and they do the work and then you divide the  profits.

Quote from @Ryan Marble: I'm just starting in the STR market in the Orlando and Tampa areas and was wondering what all of you experienced vacation rental investors would say are the 3 most important tips or advice to running a successful/profitable vacation rental in these areas?

So profit might be 10k-40k if I include closing costs and commission.

Growing My Cash Buyers List: Initially, I relied heavily on a small group of cash buyers, which limited my profits and left me with tougher deals to sell.

Tax will be based on profit.