@Jordan Miller most Class A & B rental properties bought since 2021 really don't cashflow from day one.Class B will take 1-3 years to start showing cashflow.Class A, 3-5 years.Current investors keep making the mistake of looking back at deals from 5-10 years ago when prices & interest rates were both a lot lower, but NOT rental rates.

You didn't mention the higher Florida insurance costs. 

Quote from @Brandon Vukelich:If you buy a vacation rental in Hawaii, then you're tied to that location.

I own about 5 rentals in the same city in lousiana.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

Before I invest in furnishing the unit I was curious about how much demand there is for mid-term rentals in south Denver.

These are our first two rental property purchases.

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance. 

STR rental was $3,500 to $6,000 per month, depending on season.

If they leave is the market really good or how many months will you need to carry the other rental unit's costs?