If someone asks if it can sleep 12, I don't charge for that either.I would either just charge the guests more for the cleaning or if you offer free cleaning, add it to the nightly rate.

I like Gulf Shores because I am looking for high-appreciation markets that can still generate a minimum 15% cash-on-cash return (CoC).I scrolled through the Deal Finder to review some deals with my set parameters: 4+ bedrooms ✅3+ bathrooms ✅No condos ✅View (sort of) ✅My price range ✅This listing sparks my interest.

My clients with $200k-$250k cash are able to get much, much higher ROI on real estate investing than what you're considering through some creative methods. 

I agree with wanting the first one to be a "win", I'm just concerned that makes it harder to find something that will cash flow.

Are you cash flowing the property?

Shannon,I have some customers that purchased in and around Salisbury, NC and they have found some good deals in terms of purchase price to cash flow ratio on investment rentals.

Always pay down your high interest debt first.It only makes sense to invest cash when it can provide a greater return on your money than your debt can.Hope this helps

That makes it twice as hard to make it cash flow.I would look here for a LTR or elsewhere for a STR. 

I think the market is great for low price point and subsequent cash flow.

 I’ll start and feel free to brag about your failure.