We might be able to give you some more advice based on that location.What time of year will the folks be staying there?

I know I will eventually be looking into Disney but I've always been curious about overall annual cashflow being that the market is based on nothing but the theme park market. 

My numbers are conservatively based on 3 STR's I already own in this market.

Debit- (other Expense) DepreciationCredit - (Fixed Asset) Building: Accumulated Depreciation (under the Fixed asset category in QBO)You could get the calculation from your accountant; it's based a just a few factors.

Lima one is local to you NC based but strong in the Deep south..

I would recommend finding a more altruistic source of information before making decisions based on some information provided here and on the podcast in particular. 

If you dream of owning on the Coast be very cautious of regulations against STRs, most communities are not STR friendly and some towns have revoked STR permits (lawsuits galore on that), so talk with an Oregon Coast based agent who KNOWS STRs or you could end up with an investment you can't rent and just have to wait out all the expenses of ownership until the appreciation kicks in.

Regardless if a price of a property is high, I learned that sellers are humans and they will react and sell a property based on how they feel.

In fact, I wouldn't consider myself an expert, but I've been investing in midwest markets (Memphis and Detroit) since late 2020 and I'd be happy to answer any questions, give advice based on my experience, or connect you with teams I've worked with.

I should have clarified what I mean by “real business”…RE isn’t a business that supports itself immediately like a service based business.