Quote from @Trevor McCormick: Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.1)Is it still a good investment with the current prices?

I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.

Purchasing a property for your child while they attend college can be a strategic investment and a great way to provide them with stable housing.

Evicting them, even after purchase, could be a lengthy and costly legal process.

You can purchase this with a low-money-down FHA loan. 

.- When handling insurance on previous subto, we purchased new insurance, canceled the old insurance which was part of escrow.

The Seller has 3 choices; Accept, Reject, or Counter. 

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.

I think a good starting point would be looking at the comps in your area (recently renovated or new construction homes) that sold around your desired sale price and in your desired timeframe and taking inspiration from there design choices.