If it’s strictly cosmetic/surface work, you’ll probably be able to pretty accurate.

However, a lot of Pinellas does not allow short term rentals or have strict minimum stays that may be longer than your target audience for example, 7-day or 30-day minimum.Some areas in Pinellas have close beach access and no restrictions, such as Largo or Seminole (not to be confused with Seminole Heights in Tampa).

I actually own an STR in the city of Austin, and the regulations involved are quite onerous.As far as the rent by the room model goes, it essentially follows the same rules as roommate rules, which are much less strict.

And the debt to income is more strict as well.

This is strictly a lender issue.

@Mike Lambert if both are equal deals in sense of pricing and conditions and you strictly using is as a rental which would you advise would be a better investment.

Very strict city government in terms of having to continually renew rental certificate, occupancy limits, strict zoning enforcement, mandatory inspections for rentals etc.

Jewish Religious Law strictly prohibits the paying or receiving of interest on loans made betweenJews.

@Lane Griffith from what I've read TC is extremely strict with STR's, is that true?

That will tell you how it cash flows once you move out of the property and it is strictly an investment property.While you live in it think of it in terms of how much money you're saving on rent/mortgage.