Hi @Sumit B.To start off, Cape Coral does have a 7 day rental minimum, however, this is an ordinance that pre-dates the STR industry and was originally targeting transient housing. 

The gross yield is only 7-8%, I target 12%-16% here in FL and find it often.

Is this syndicator hitting targets or not?  

The real trick is making sure you’ve got a handle on who’s active in your target area.

I was recently listening to a podcast and in this particular episode, the investor targeted CoC of >5%.

Hi Scott, consider USFR for zero risk cash, earns 5.4% holding 8 week Floating rate note US treasuriesor for mild risk cash, consider BKN - BlackRock's Muni fund, earns 5.6% tax free, which for you would be >9% tax-equivalent yield, and if rates fall, the BKN etf will rise considerably, which though will be capital gains taxable :(, It holds intermediate term Municipals that are all GO, general obligation, so they can always tax us dumb schmuck citizens to pay off the notes instead of defaulting, so low risk but not zero risk for cash. ie (Orange county '90s)Inflation has already resolved, the 3 month trailing core PCE is at 1.5%, well below FEDs 2% target, so they will likely start cutting soon as the 12 month trail falls in line, that's why Powell changed his verbiage so much last Wednesday, and FOMC minutes speak of 150 bp cuts before the end of December as their expectation per their Dot Plots, the only question remaining is consumer spending,(>60% US economy), if falling like McDonalds/Starbucks/Uber saying then unemployment will accelerate and then possible recession, then 10yr yield falls even more, and bonds values would rise like Mike just said above.

Considering a mix of long and short term rentals, with the STR’s being non-traditional structures targeting glamping clientele.

While this brokerage would start in Ann Arbor, I would want it to expand to all of Southeast Michigan, then statewide, and ultimately nationwide.Initial target users would be investors/flippers, in other words, more frequent flyers than typical homebuyers.

Live in the hipster Roosevelt district and can target struggling artist types, Tempe college students etc? 

SEO optimization with targeted keywords can significantly boost visibility across these platforms.Strong photos and virtual tours tend to convert leads more effectively - tools like Asteroom or Sphere.app let you create these yourself.