Let's say $1,600 for supplies. 

The sales pace was impressive, with 91.1% of properties selling within 30 days in April 2022, while inventory dropped to just 0.7 months' supply.

We're starting to see a correction in the supply of STR in central FL which will make things easier for homeowners that can stick it out.My advice: Look for opportunities that are as far up-market as you are comfortable with.

We’re getting a small shopping center installed supposedly by the end of the year (Marshall’s, Tractor Supply, Grocery Outlet) plus investments in a second “downtown” strip. 

@Bob Stevens - Thank you for taking the time to reply.The same can be said about many markets, so I want to ensure we see the same thing.If you look at the increase in rental prices, the lack of supply, and the increase in building permits, you could say there is an opportunity here.

You overlook the most basic rules of supply and demand.

They do not understand how some of these laws affect supply and cause prices to rise.  

Understand current market trends, including supply and demand dynamics, rental yields, and price trends in the area.- Legal and Regulatory Framework: RERA Approval: Verify that the project is registered with the Real Estate Regulatory Authority (RERA) and has all necessary approvals. 

We have about 9 months of housing supply, and this is expected to increase in the coming months.

You should look at it from business cycle and cap rate cycle , I could send you some charts when it ks more safer to invest at syndication….The risk when market at cap rate 4 compare to when market is at cap rate 6 is vastly different , you may want to wait until cap rates are stabilizing enough before investing so your risk / reward ratio is way higher.also you need dig deeper into supply/demand in the apt market as we are now on highest supply where there is strong pressure to rent growth.