I thought I would have a pool of good candidates after the new year (it was the case last year around this time) and I would have no problem placing a qualified tenant by Feb 1 or latest early Feb but the activity level has been very low.   

A lot of markets in the Midwest offer lower prices, cheaper taxes and are landlord friendly as well.

I'm telling potential STR buyers that if they can stand short-term mediocre numbers, they're likely to see an increase in the metrics in the next year or two as A) new investors continue to waffle over the higher interest rates so new listings decline and B) some existing owners sell because of the lower numbers of the past year.

Conversely a restaurant could pay 200k in rent but do 5 million in sales for 4 percent rent to sales ratio.Typically lower rent and B to C sites only attract the smaller tenant off name franchisees.

It's clear that you and your husband are ambitious and have a strategic approach to building wealth through real estate.Here are some considerations based on the information you provided:Risk Tolerance: Evaluate your comfort level with debt and your degree of risk tolerance.

Instead, this rise is influenced by certain listings being unavailable during this period, along with higher prices set by some high-end listings to offset lower demand.Now, let’s examine the variation in cleaning fees per day of booking across the year, applying the same filters as in the previous case.Here are some observations:In contrast to the average daily rate, the cleaning fee per day of booking remains consistent throughout the year.The average value for our subarea in Okaloosa Island (represented by blue dots on the map) stands at $20.6 per day of booking.Financial Case Study: Analyzing the Performance of a Short-Term Rental in Okaloosa Island, FloridaIn this section of our analysis, we are going to conduct a financial case study to understand the expected performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Santa Rosa Blvd., in Okaloosa Island.Here is a summary of our findings from the previous sections:There are two demand hotspots for short-term rentals in Okaloosa Island, with the one located at the southwest of Santa Rosa Blvd exhibiting a higher occupancy rate (69.6%) and a higher average daily rate ($306).The top-performing listings in this area typically feature 2 bedrooms and 2 bathrooms, with 5 out of 8 listings having these exact characteristics.We have analyzed a chart containing the top 100 most common amenities for top-performing listings with 2 bedrooms and 2 bathrooms.The high season extends from March to the end of November, with May and July being the peak months.The average daily rate for a 2-bedroom / 2-bathroom unit in this area throughout the year is $306, with an average daily cleaning fee of $20.Now, assuming we have located in the for-sale market a 2-bedroom / 2-bathroom unit meeting all our criteria, our objective is to run a financial case study to estimate cash-on-cash returns and other relevant parameters.The chart below presents all the inputs for our financial case study:Some observations:We anticipate receiving 40 reviews within a 12-month period, which is a conservative estimate based on our previous analysis.The bookings to review rate has been established at 85%.

;-O For Pace Morby I saw that there was also a second level and a third level with much higher entry costs like $20,000 or something.

Mostly I would highlight what is most important to you and how a CPA will take your portfolio to the next level. 

Replacing caulk.Better to look for solutions that don't require as much, if you are looking for lower maintenance.

The economy is still too strong for them to lower rates anytime soon.