This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

I’m beginning my journey into real estate investing with the goal like many of you of generating passive income and discovering financial freedom without having to rely on a “day-job” for much longer, so I can travel more and spend more time with my young kids/family.

Additionally, house hacking isn’t an option as I have 3 young children. 

I can provide additional info as needed.

Experience has always been my best educator and owning a piece of a pie and watching/learning from those who have done it for years is a potential strategy for you in place of or before you spend money on seminars.

In addition, the property tax rate is reasonable but the valuation was going up faster than the ADR then the hurricanes hit and values fell.  

Do I spend 18 K to replace it even though it’s working fine but corroded? 

Additionally, the increasing cost of living in Florida is definitely contributing to the problem.

Do you have a number one what you are wanting to spend? 

Additionally, if any public funds are used it has to remain affordable housing for 30 years, devaluing the property and making it nearly impossible to sell.They increased the demolition fee by 400% which will absolutely stop any development in these neighborhoods.