Thank you again. check out the syndications and passive real estate investing section as well.

well, the good news is that your lender will be able to add back deprecation, mortgage interest, property taxes, property insurance, HOA dues and even some one time costs. 

Hello, we are trying to buy our 2nd STR property in Kissimmee/Orlando area. we currently have 1 bed/1 bath condo in Kissimmee and it is doing well so far. ( been 2 month) I am wondering anyone has 2 bed 1 bath property?

I'm sure it varies depending on the market you are in as well.

They could go down as well.

Well, that's why I said "is that legal to do".

The entity structure is typically different than multifamily as well. 

Check references, screen well like a normal LTR tenant, if everything checks out why not? 

We are sandwiched between well known hot spots and its an ideal location for someone who wants to explore the beach life or any of the down-town areas nearby (Los Angeles, Long Beach, Redondo, Manhattan, Southbay Etc), new build with modern amenities, washer/dryer in unit, full sized fridge, dishwasher, professional range cooktop, queen bedroom, full standing shower, large kitchen, full sized couch in the living room, private front patio. 

You want to keep it as you like the cash flow or see the market really performing well for the next 2-3 years.