that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Sorry to hear your self managing isn't going as planned...finding good tenants is tricky!

Consider reaching out to a local Rental Owners Association to connect with experienced hosts, gain valuable insights, and access resources that can help you navigate property management more effectively.

I served as the buyer's agent and property manager for my clients under Blue Chariot Realty & Management.

Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else). 

I used Hostify and you can work it into the management system to figure and charge all of that for you.  

Florida should be busy currently with people staying in the Winter to get away from the cold & snow. 

I have been in property management for 20 years, almost 3 years ago I moved to Birmingham AL to start my investment journey.

Would you be able to share what the general property management fees are on a AirBNB?

Quote from @Carson Hyland: Even if you buy the right property, failing to manage it well will kill your cash flow.