Hey @Isaiah Cortez, here are the deets on STRs via the city - https://www.fortlauderdale.gov/government/departments-a-h/de...I don't have any real insights on the area, but do a search and you will find some details.

For example, let's say you are guaranteed a 7% pref and the property delivers exactly that, but then sells with a capital gain. 

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

This will give you greater insight and what a property manager needs to do to efficiently manage your property once you are ready to hand the property over to a manager in the future.

Any insights would be greatly appreciated as I navigate this process. 

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

Thank you so much for the insight!!

I'm an agent and investor in Phoenix so would love to get on a call and discuss how I decided on becoming an agent and give you any insight into the local market!

I haven't actually closed a deal that far west or else I would be able to give more insight. 

Great insights!!