Tourists, retirees, and seasonal residents provide a steady stream of potential tenants.Lifestyle Perks: Let's not forget the amazing Florida lifestyle!

Is that amount worth risking at this time potentially having to pay from your primary residence?

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.

So everything hinges on appreciation, which could come back with inflation.Primary residences are often not good rental assets.

out of state is more difficult than advertised. do you already own a primary residence? 

The resident pays the second month on time and then, and only then, do they get the concession.If the market is soft, and we are having trouble renting, before we consider concessions, we look at the product, the marketing, and lastly the price.

Hey @Guan Hong Guo - yes combined income *assuming* all adults are on the lease (as they should be if they're residing in your property).

Basically, you can't STR an entire home here, or even an ADU, and can only STR out a portion of a home that you reside in.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.