My advice, if you want to invest in STRs, is to go to vacation destinations, think National Parks, beach towns, etc, where the laws are STR friendly.

Currently I’ve been looking at Destin West Vacations.

18-22% management fee is common in Florida for vacation rentals.

Here is my scenario:Sell current LTR; 1031 into Lake STR; rent out for 2-5 years; use personally less than 14 days per year; convert the property to a secondary/vacation residence for my family.

I also ask them for the forwarding address when they give notice that they are vacating the address and also give them a reminder notice of their right to be present at the close out inspection and ask them to tell me when the property will be completely vacant and a request of a date and time to have that inspection if they desire to be present. 

I think my insurance broker (AAA) was able to rig it somehow that one is considered my primary residence and the second a vacation home.

If it is to have a vacation home that someone else helps pay for then maybe.  

The best thing to do is approach them in person and inform them you are the new owner and that you will need them to vacate.

@Ryan LeonardYour lead flow may have slowed down due to summer coming to an end, people on vacation and back to school.I think your best ROI is to create and maintain relationships with brokers.

Please note, units have to be registered (then renewal annually) with the Department of Planning and Permitting in order to be operated as legal vacation rentals.