Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?  

Your primary home doesn't produce cash flow and is a pure expense.

You have to compare your expenses with each management style and find the option that works best for you.

Then save up as much as you can and buy a small 6-15 room motel or partner to buy something largerHotels are really expensive to get into as well.

Would it be more expensive to buy an older property like this vs buying a new construction in TX? 

another expensive area ;-)The DMV has more 2-4 families, so I checked out a few.

Expenses at the property were were getting out of hand, and needed to be corrected.

Florida is a unique state for MHP law and the insurance has gotten very expensive there too.I recommend checking out @Frank Rolfe's mobile home university content if you haven't already.

. $69k for a 3 unit with gross rents of $2k a month and total expenses of $800 a month which included management and capX.