Clearwater beach/Siesta Key - can you break even or make money?

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Hello - I am reaching out for friends who are considering buying a second home in either the clearwater beach/ Siesta Key area. Initially they would rent it out as a STR, and then when they are empty nesters - they would be able to stay more ofter. Any advice? Also is it a sellers market? Have there been any/many foreclosures lately?

@Stephan K. - Thank you. Good to know. Is it the same for condos? I have a STR condo in Maui. On Maui the rules are different for condos than they are for Single family detached homes. Detached homes have to renew their STR permit every two years.