STR in Siesta Key, Turtle Beach, St. Pete

[Christina Hennessy]

I am strongly considering this area to be my 2nd STR. I have a condo now in Key West but love Siesta Key Beach. I'd like at least 2BR's.

How close to the ocean do I need to be in order to make money?  Do I invest in a House or a Condo?  I see prices have risen quite a bit over the last couple of years.  Trying to decide if I should buy now or wait.  How is Turtle Beach?  St Pete isn't too far either.  Wondering if those areas are just as good as Siesta Key.