Advice on purchase of vacation rental property

Advice on purchase of vacation rental property

Naples, FL · Member since 2016 · 30 posts · 5 votes
Hello everyone. I am considering purchasing a property in Port Charlotte, FL to rent as a vacation rental. The inspector found a few red flags however. It is an older home, 1958, and there are no A/C vents in the master bedroom. The breaker panel is also above the sink (behind the mirror) in the master bathroom! The property appraiser website only mentions 2 bedrooms but the house has 3. The property appraiser website mentions 996 sq Ft however they are listing it as 1,200 sq Ft. The layout of the home just shows one large space and does not divide the rooms. I am thinking that it had 2 bedrooms originally and they then closed off part of the living room area to add the master suite. Did this have to be permitted? If it was permitted wouldnt it have shown 3 bedrooms on the property appraiser website? If I purchase this home will I have issues reselling it down the road? Thank you in advance!
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