The Tampa Bay area is a great market, but using any site of blog to learn construction isn't something that you'll be able to do successfully.

With challenging market conditions, investors are forced to get creative.

A short term rental requires quite a bit more effort than a long term rental including quick response to all guest communications, managing cleanings after every stay, keeping on top of maintenance (emergency and deferred), marketing the property on all major OTA sites (i.e.

Study the market.

Successful fisherman know that 90% of their time and effort goes into planning and keeping equipment ready to perform and not actually hooking or reeling in the catch..often closing on a popular or active vacation rental (often in a competitive market) happens along the same lines (no pun intended).

I was wondering if anyone have experience with the Rotonda market and if I'm doing anything wrong.

I've already spoken with a property manager and agents, but I'd like to hear firsthand experiences from other new investors in the Fort Wayne market, especially within the first year or two of their initial investment.

- What is the rule of thumb for the rent (+15% above market?

Repeat that research at the county and state levels. 6 review all info vs your UW and see if there is a land value above $0 that makes the deal work in today’s market. 7. potentially consider a JV project with the property owner after doing the above as a way to make the deal work.Separately, you'll want to make sure that you've engaged your strategic partners.

I am looking to pivot to out of state BRRRR's in cheaper markets to continue to build my cash flow.Ohio, Kansas and Texas are some markets I am currently looking to BRRRR.