But if you have a cash buyer who is specifically looking for income property, and even more specifically a vacation rental property,  I firmly believe that there is a value add from having a working STR there.

Alternatively, you could split it between House 2 and 3 in a way that covers your building budget for the apartment.

Ultimately, it’s about what aligns with your budget, risk tolerance, and long-term plans.

My wife and I also own the only interior design company specifically for real estate investors, Ivory Home.

Eliminate debt, establish a budget, and save.

.- Analyze Comparable Properties: If you’re working in a specific market, reach out to other landlords or property managers with similar assets.

If you have specific questions about property management, I'll be happy to help!

Many insurers have left the state so it is important to be able to get the correct STR insurance.Start calling around and get some bids and ideas on cost and fit it into your budget before you start offering on properties.

What area code should I look for in my budget and best area possible for that budget?

Hi Kirk, In 2021, I moved to the Kissimmee area, more specifically Bellalago, a gated resort-style community on the shore of Lake Toho.