Its specific to the property and neighborhood.

Vacation rentals in these mass-produced STR "neighborhoods" are really just a commodity, similar to a hotel room.

As an agent, it’s clear your connections helped with the deal, and financing it with cash likely made things much easier.

Any advice would be helpful!

Hey everyone, I’m working on a platform concept called RentKeep that focuses on providing property intelligence to help property managers make data-driven decisions to increase their NOI.

It would be helpful to see the rates on both the purchase and the HELOC. 

If you have any questions feel free to reach out I enjoy helping and making sure BP members are on the right path.  

It is helpful for us newbies to hear different perspectives.

I mistakenly thought that we would see sellers bringing their asking price more in line with todays interest rates to help facilitate a sale of their property.

However, you should ensure that the contract language allows for such changes without requiring a full contract re-signing.Consulting with an attorney familiar with Florida real estate and property management law is advisable to ensure compliance and avoid any potential legal issues when making these adjustments.Let me know if you need help with any other aspects of this process!