I’m from Miami would love to start an Airbnb in Orlando I can not say from personal experience.

these can produce good returns but best chance for success is for those that have experience in this area (I am a partner on an effort adding 8 ADUs, but it is not performing to the initial underwriting (underperforming) and it is an experienced team).good luck I get it, but not everyone has the opportunity of scale and building multiple units.

It was a learning experience but I made it work in the end.Mine was a 5 unit commercial building that needed a gut renovation, similar to yours. 

Does anyone have experience doing this?  

Seems like a big risk given our experience. 

I made the mistake of letting someone get in one of my first units that was a bit off the 3 times, they were great tenants very kind and enjoyed their stay and experience with me, but could not afford it when I increased the rent on them, which is something you will have to do because of rising insurance/tax costs.5.)

And I suppose the likelihood of us getting more STRs in the area is directly tied to how good/bad our experience with this one is!  

It also gave me the chance to experiment with short-term rentals before transitioning to a long-term hold, reinforcing my strategy for growing a real estate portfolio.

In any case, successful wholesaling REQUIRES the knowledge, experience, and ability to accurately estimate repair and rehab costs and time.  

Yale Law Journal: Zoned Out: How Zoning Law Undermines Family Law’s Functional TurnLooking forward to hearing your thoughts and experiences on navigating zoning laws for co-living investments!