He has helped a ton of BP members successfully house hack and has done it himself as well and can provide you with invaluable experience.

Florida has a ton of STRs so you are competing with plenty of others.

And as an LP, I can do 75% of my due diligence from my desktop computer, the rest is going to the properties themselves, going to sponsor meetings, talking with other investors etc, which is a ton of fun. good luck :)  

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

Utilities paid by me or lawn mowing and snow, realtor commission for renting, legal expenses etc.  

Utilities, including common area will also be different.

This property is gonna cash flow over $1000 a month after we're all said and done with utilities mortgage and more.

Did you have taxable income that could’ve been reduced utilizing tax strategies?

But It’s bad business to try to raise them 40% at one go on a captive tenant, I’m glad you pushed back and got a more modest increase instead.

Given this was our first time purchasing an investment property, working with a partner on a cash deal, and understanding how to get FSBO deal completed, we had to learn a ton and ran into multiple challenges.