Since you're in Destin, you might want to check with local firms that have experience with STR-heavy communities, as they’ll be familiar with the risks and requirements.

Second- these developments where the same person develops, builds, and then requires you to use them for management- they always suck.

For an additional $450 they will include the required engineering seals.

@Sujiro Seita Appfolio requires at least 50 doors

Cheap items will break sooner and require replacement, and will make your place look cheap overall. 

Given interest rate changes, property values, and lender requirements, I’m curious about:How were your acquisition and rehab costs compared to your ARV?

  (2) Variable cost: platform fees from Airbnb and VRBO, lodging/hotel/transit or whatever pass-through tax your local AHJ requires, cleaning fee, cost of replacement for consumables, repair and maintenance, etc. 

even if its interest only, id want to pay down principal here and there. seems like sellers would offer this interest only route so they have 0 capital gains tax, but id rather pay down a bit of principal in 7yrs. i see its not required but it should allow for principal paydown in promissary note3) any general advice to look out for on seller financing?

We have a somewhat specific wishlist for lending requirements and terms that I will highlight below.

"variable income" will require a 2 year average of income/ earnings to qualify.