Learning a skilled trade is far better and staying out of college and investing that money instead will far surpass the 9-5 that most settle for. 

We actually have surpassed pre-covid level employment.

Mostly just wanted to ask if it passes your smell test based on those shallow figures and assuming market demand surpasses doors supplied.  

Yes they do, look into it.Not sure what your unit mix is but Panama CIty appears to have some respectable numbers via aidrna, look at the numbers from 25th% to 90th% to see your best and worst case scenarios...Additionally you also have super high occupancy rate so for the interest of being ultra conservative, run your occupancy at 50-60% and see where that puts you with respect to the average daily rate...again factor in low and high seasons and then do the research upfront (before you buy) to be the best by studying the best a.k.a (top properties) and see where the opportunities are to not only hang with them but surpass them...at the end it's business not personal ;) 

Plus, you may be able to surpass that negative cashflow by airbnbing it since you are in a B+ neighborhood. 

@Joel OwensWhat if my net worth surpasses debt service?

I always want to surpass my occupancy and gross bookings from the previous year.I'm looking to add my next vrbo and I already 4 more LTR'S that I'll finalize on 1st quarter of 2022.

It's relatively easy to find deals that surpass the 1% rule as an STR.

The revenue currently booked for 2022 through April 1 surpass the entire 2021 calendar year just renting the Guesthome in the back.

If money is sitting in bank could it be invested and surpass the deltaIf your splitting cost of crane I would think that is worth it.Also how many units and are there others who may look to do this in 3-5 yearsLastly assume you will own this place for next 5-10 years