First vacation rental property, thoughts and advice appreciated!
I currently live just outside Cincinnati Ohio and have 2 rental property condos. Im looking at buying my first vacation rental condo and am leaning towards St. Pete, specifically the stretch between Madeira and St. Pete Beach.
So first question would be any advice on those areas? Hoping to be walking distance to beach, restaurants, safe, etc.
I'm also struggling with cost analysis for these properties. With my long term rentals here it's fairly simple, you have taxes, HOA fees and insurance but with a short term rental i'm not sure how to handle VRBO fees, vacancy with a short term rental, out of state taxes, etc..
Still fairly early in the planning phase but have to start somewhere so any help is appreciated!