I’m thinking about luxury condos for short term rentals since I’d occasionally want to have a place I can use for myself.With mortgage rates so high and HOA fees for many of these buildings at around $1k a month, it seems like investing in a condo in Miami is more of a game of price speculation.

Typically, we aim for about 60% in profit at the sale in year 5.In five years’ time, the units have been updated, tenants are strong, and rent accurately reflects market rates.

They run a tight ship on screening and have a almost non-existent eviction rate.

I am not familiar with the rates for GC services so wondering what advice any of you could give. 

We are fully booked for high season (Dec-March) through 2026.I know this is not the typical investment, so totally appreciate any advice anyone may offer. private money will most likely be at a rate of 50% greater tahn the primary.

Interest rates will be 7.5 - 9%~HELOCs on an investment property typically come at a higher interest rate (13-15%~).

Unfortunately many turnkey companies will inflate the estimated rental rate to help drive sales.

declining) and unemployment rates (you don't want an area with high unemployment).

LOL I am kidding but insurance carriers are pulling out of CA at alarming rates.

Here's a good rule of thumb regarding how lenders feel about credit scores for DSCR using our school analogies:- 680 (B-)- 700 (B)- 720 (A-)- 740 (A)- 760+ (A+)Every 20 points in either direction will increase or decrease your rate.