Snowbirds looking to purchase STR to offset costs

[Kevin R Thompson]

Looking for some feedback on a plan we are considering: I am 55 and retired, wife is 51 and also retired. We are looking at purchasing a manufactured home in FL to use as Snowbirds from Jan thru April, maybe a few weeks throughout the year. We have looked at some properties in the Lakeland area and some in the Kissimmee area. Properties are in the $20k to $60k range ( we want an inexpensive place to use for a few years before we decide where to actually purchase a house)

Lakeland is less expensive to purchase ($20-40K) and typically lower lot rentals, but no opportunity to STR the properties as they are in 55+ parks.

Kissimmee has higher purchase prices ($45-60K) higher lot rental fees but the ability to STR. The properties I have looked at are located in Sherwood Forest and they seem reasonable for what we are looking for.

Our thinking is since we will have monthly costs regardless of where we purchase, buy in Kissimmee and have the ability to offset most of the costs by STR the place, especially during some of the peak vacation times. If it turns a profit, great, but if it breaks even or reduces our costs, that is fine as well.

We currently have a couple of LTR properties in Vermont, but the STR market is new to us.

Any insight would be appreciated!

Thanks

[John Underwood]

Something to consider, some people are not looking for the high end expensive themed houses. They are looking for something more economical so that they afford their trip in the first place. I believe you could appeal to this group and at least offset your costs.

I see people constantly wanting a place for low prices in other areas. You could definitely compete in the economy nightly rental market. 

Your investment isn't huge so your risk is minimal and worth trying to offset your costs when your not using the property