One tenant claims people are breaking into the house and hitting her at night.

I would not trust an average number.This will be very specific to your management, your lease, your leased property, the area etc.Some people have made money, but I've not heard much about arbitrage lately, and some have lost money and  not honored their lease.In general this is just a job and not an investment, so it's widely discouraged in this forum.

I currently live in and operate 1 STR in the area and as a real estate agent I've helped people buy lots of STR properties from Perdido Key to Panama City Beach.1) The STR market here is congested and there is a lot of competition. 

After she passed it became a rental to a slum land lord and after one of his tenants destroyed the property while having 8 people living inside it's 950 sq ft, he and I had a conversation and I bought it from him as-is for 69,000 and he didn't have deal with the mess they left.

Appreciate you taking the time to share this.Jennie BergerProperty People

Please send me a message.Hi Gage, you have a lot of experienced people on BP willing to help, but they are not going to be motivated by a free meal.

Also, keep in mind once the rates start falling this fall, in my opinion there is going to be a short lived surge in purchases from pent up demand that people were waiting for.Hope this helps.Also, if you are looking to keep more of your RE Commission DM me, I'm a Licensed Broker in Texas as well.

My goal as I think it is for most people is to have a few properties that offer me a decent additional income.

@Li Kia   Some people are just extremely hard on property.   

Hearing people say I have a credit line to pull money out incase i need it for a deal.