We would love to buy a property in Boca Raton, I know there are strict regulations when it comes to STR, does anyone have experience with it? 

You can use both for short and long term purposes just remember to use snowball method and payoff your highest debts first //or refi when rates go down @Cillian Kelly, thanks for pitching in with your experiences.

These are great if you have experience, but can be a headache if you don't (some lenders won't even consider a borrower who doesn't have experience).

By proactively reaching out to property owners, networking with developers, leveraging the power of LinkedIn, researching emerging micro-markets, and drawing insights from past experiences, you can significantly increase your likelihood of achieving success in the realm of real estate investment.

Your experience with multi-units and property management shines through, and your advice has guided us to concentrate on mastering one specific market before expanding.

Happy to share my experiences.

What's your experience owning and/or managing this asset & how did you arrive at your return calculations?

If you guys have deal with similar experience, or have some tips on how to avoid this, please let me know.

Buying a $100k-120k house that requires renovation for someone that has no experience renovating or operating in that out of state market is a great way to set a pile of money on fire.

That being said I'm starting at ground zero with little to no money and no experience whatsoever.