Hey @Colby Burt, I am one of the irrational dislikers of arbitrage for the most part. My biggest problem is with the people who want to do it. Not the people exactly, but they almost always have nearly zero capital. They want to get started and arbitrage looks like a way to get the ball rolling. What most of us here tell people is that the risk is quite high for low income people to get started with.
The biggest problem is the area IMHO. I have looked into buying a place in the general area where you are looking. So far I haven't seen anything that will cashflow at the current market values. At least, something I can afford. You can get great $$$ on a 1.5m 8/9 place fully remodeled with all theme rooms.
There are several 2/2 condos for sale. They average about $280k give or take in the Champions Gate and surrounding area. The nightly rates for those types of condos are under $100 a night. Sometimes quite a bit under. You have 22k in mortgage (10% down second home on 280k). Even with 100% occupancy that is 35k gross per year at $95 a night. No one is getting 100% occupancy on those units. Closer to 50% that I can see. It is a loser right out of the gate IMHO.
And if you do manage to get someone to allow a sublease for a vacation rental (stop calling it AirBNB as that is just a platform), you will pay above market rates for your leases if the owner is smart. If things so south, you could lose a lot more than you could gain.
Try not to be offended by others responses. We get asked this question at least 5x a week. It gets a little trying after a while. Please do a search and you will find a lot of posts on this subject. There is a lot of data to peruse.
