Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.

My client is looking for one to consolidate some current debt and to finance solar.

For my clients, in every city I am set-up in I have an agent who pulls all the comps and writes up an opinion on the value based on size, area, finishes, market. 

I once had a client who sold a property in California and used a 1031 exchange to purchase in Arizona, thinking they were in the clear.

We’ve provided a toothbrush. 3 years later and it’s still going strong! 

I also have lots of texts to back up my case that she represented the whale client as being a shared client. 

It's not unusual for my clients to bring in $5000+/month in top line revenue. 

Full Occupancy: The property achieved full occupancy within three weeks of listing, with strong tenant demand.High Cash Flow: The property generates $5,570/month in gross revenue and approximately $4,690/month in net profit after operating costs.Effective Use of 1031 Exchange: $300k of the total $420k investment was offset by the 1031 exchange, minimizing out-of-pocket expenses.Long-Term Stability: Designed for durability and versatility, the property is expected to cash flow for decadesLessons learned?

If you're considering BRRRR, the FHA 203(k) loan could work for bundled purchase and renovation, but it’s often simpler to use personal funds for lighter rehab projects.You could focus on properties with strong rental potential and manageable upgrades to increase value.

Hi Chad, @Denver McClure and I are working with a client on a 1035 scenario right now and it is an easy process.