Need a Second Opinion on a STR Cash Flow Analysis

[Cat Calvosa]

Hello folks,

I have been searching for a property near the beaches in FL that I can cash flow as a STR. I think I found a good one, but there are a few unknowns. 1) I don't know how to find out if there are restrictions for STR at this condo. 2) I don't trust my math in my STR calculator. I am afraid I'm missing things I should be considering. Right now my husband and I plan to do all the renovations, management, maintenance and cleaning in the beginning, so that did save me on some of the expenses, but still it seems too good to be true. I want to get started, but only once I'm convinced I did the math correctly. Could I request a review from someone who knows this business to provide me with some good feedback on my plans and math? I will share my excel with anyone who wants to help me out. Thank you and have a wonderful day!

Thanks for any help in advance.

Cat

[Bruce Woodruff]

If it is in an HOA community, then it is a no. Condo Boards can change their minds on a dime. IF you buy this. make sure that it will perform as a LTR as well.....