I have flipped two houses with my wife, and I have read virtually every book on the Bigger Pockets bookstore (see attached image).

Could you have not added amenities to make yourself more competitive and increase your occupancy and nightly Rate?

Many will be well educated on their housing options guided by their brands, teams and universities, and are well capitalized and qualified on a short term 3-6-12 month basis, and I actually had a client purchase a newer townhome in Tallahassee for lease to a football player at FSU..Keep in mind the top earning NIL athletes stretch across multiple men's and woman's sports. 

Things like assisted living, sober living, student housing etc.

I charge between 25 and 50% of the rental rate as the security deposit.

You buy a house near your New Jersey job, and you plan to move to Florida a year later, once you get your 401k vested and can retire.

When I sold the house 120 days later, I noticed a $14k charge for lender-placed insurance on the closing statement.I reached out to the lender and provided proof of my coverage during the loan period.

But we saw potential in the deal and kept this lead in our follow-up database for nearly FOUR YEARS.Fast forward to December 2023, the wife, now with a restraining order in place and court approval to sell, decided to let go of the house she could no longer afford.

You will most likely pay more than market rate so take that into account.You will then have to get it all furnished which can cost a pretty penny.

Seller did finally come and get their proceed though.. it was an extreme Hoarder house one so bad that I could not even go in it..