Hey @Bien Nguyen, so I am not familiar with either area, but I ran the Clearwater Florida tax estimator on a 500k purchase which yielded an estimated $8192.https://www.pcpao.gov/how-do-i/estimate-property-taxesYou can plug in an address a well which should give you a more accurate view.

Some people need 2% above the borrowing cost (8% cost of hELOC you gotta then make 10% + etc) and others will want to double their cost of capital or 200% so it depends.Everyone's going to give you their anecdotal experience or what their preferences are so its good to hear it all and determine your own.

View report*This link comes directly from our calculators, based on information input by the member who posted. 

So I am not telling you what do, rather I am just sharing my experience. 

Though, it would be interesting to hear the experience of others here with the group. 

I can become a millionaire just by looking at street and sat view and bid online in my underwear. 

To the insurance company they will view an STR differently than a LTR.  

We called the number and were able to view the property within a few hours.

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

The other option is to find a partner with some experience and use that on the loan.