Also @Tim Phillips something to be aware of in FL, all condos older than 30 years and taller than 3 stories are required to have a "Structural Integrity Reserve Study" performed before the end of this year.

I guide clients who are looking to treat their STR as active.Somethings to consider are whether you should get a cost segregation study done, creating a log of your hours and having an understanding of what hours count / don't count.

I realize that a full feasibility study will most likely be required if I move forward with an LOI and purchase contract.

Aloha,For comparing Condos/HOA projects for investment purposes, the more critical info would be rating the most recent Reserve Study and/or Reserve Funding Plan for a specific project.

I'm one of the case studies in the BP book, The House Hacking Strategy. 

Document your experience so you can share a case study here or at your local REIA

There was a case study where a GP raised a million dollars for a deal with 70% of the funds coming from his personal network. 

Associations must now conduct a Structural Integrity Reserve Study (SIRS) to ensure they have adequate funds for necessary repairs and maintenance.

This safe harbor generally allows you to expense items under $2,500 per invoice or item, but since your fence replacement exceeds this threshold, it doesn’t qualify.As Michael mentioned, for the tax year 2024, you could potentially take advantage of a 60% bonus depreciation if you conduct a cost segregation study for your property.

Study their pricing, occupancy rates, amenities, and guest reviews.