It’s all about running the numbers and seeing what gives you the most flexibility and growth potential.

I would also check median home prices vs. rent potential, landlord-friendly laws, and supply vs. demand trends.

Property owners in these areas can only advertise for monthly rentals and are not permitted to offer daily or weekly rentalsandIn March (2024): Florida lawmakers passed legislation granting the state more authority over short-term vacation rentals, potentially impacting local regulations. 

@Yael DoronIf you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential.

There are so many potential problems.

It’s great to have you here, and it sounds like you’re in a fantastic area with lots of potential.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

Setting rent significantly above FMV could be seen as an attempt to shift income or inflate deductions, leading to potential penalties.

Since renting or refinancing won’t work, your decision comes down to how much you’re willing to lose in the meantime versus the potential for a market rebound.

Your goal is to make your weekday bookings look like a great deal, both to the algorithm and potential guests.It’s not just about lowering prices.