Panama City Beach Condo Rentals

[Justin Youngblood]

I'm interested in hearing everyone's experience with purchasing condos in Panama City Beach for short term rentals. I'd like to know the ins and outs if you don't mind, from down-payment required, expected gross income, best places to buy, etc. Any help is appreciated.

[Kyle Momany]

@Justin Youngblood 

I'll piggy back on the Warrantable condos, somewhat. If they are warrantable, there is lender options for 10% down. Outside of that you are looking at 20%+ down.

Income, I typically try to find that 20%+ Cash-On-Cash Return for my investors. That leads me to management.

I always recommended self-managing. It takes some upfront time getting cleaners, handyman, etc. in place. But systems can become very automated after that!

Best of luck to you!