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Updated about 3 years ago on . Most recent reply

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Holly Williams
  • Rental Property Investor
  • New York City
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Class A House-Hacking STR

Holly Williams
  • Rental Property Investor
  • New York City
Posted

Hi everyone. I'm an experienced multifamily syndicator looking for a no-maintenance "coach home" in a resort-type gated community, specifically, Lakewood Ranch Florida or around there. I'm seeing a ton of what they call single-family but are really two-family attached. I am thinking of buying two side by side and live in one and do snowbird rentals in the other. Has anyone done that?  Would love to chat.

Thanks in advance, 

Holly Williams

Most Popular Reply

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Leslie Anne Morris
  • Real Estate Agent
  • Smoky Mountains, TN
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Leslie Anne Morris
  • Real Estate Agent
  • Smoky Mountains, TN
Replied

Hi @Holly Williams! Good to see you here. I think the consensus on this is that folks booking short term rentals want stand alone homes. There's been debate on it in the past if you do a forum search. If there's an HOA involved it may be completely outlawed in the neighborhood. You'd have to check the CC&Rs. You may find they allow 3-6 month rental terms in which case a medium term rental may perform well for you.

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