A few questions about the expenses:Cleaning & Maint: 3.1%Legal and Common Area: 1%Repairs: 2.8%Supplies: 1.0%Utilities: 16.6%Capex (appliances): 0.8%These expenses are very favorable, but also quite low for a 10-unit coastal STR.

DirectionsWebsite7Fort Myers BeachSituated on the Gulf Coast, Fort Myers Beach is known for its white sandy beaches, water sports, and vibrant local culture, making it a favorite among vacationers.

I live nearby, and my crew will actually be renting a few of the units since we travel for Tractor Supply buildouts and similar projects, so overall maintenance should stay pretty low.The roof is new and already has solar, which helps a lot, and each unit has its own PTAC system for heating and cooling.I’ll keep you posted on how it goes.

Been tracking supplies and costs as we furnish STRs, happy to share the list if anyone is interested. 

thank you, i have a hard time figuring out what the stats mean - for my area it says Map searches for the dessau area (last 12 months):1,443,370Property listing page views for the dessau area (last 12 months):778,256Total private units are 798Does this mean the demand is high, supply is high or low.

Material prices have continued to rise, particularly mechanical/plumbing supplies, but it's been gradual and no changes within reasonable rehab life cycles that are truly profitability altering.

To find real flippers and build a reliable team, lead with value and tight filters: define your flip box, then post and ask at local meetups, investor FB groups, and supply houses for intros to GCs, agents, and lenders who’ve closed multiple flips this year; run quick interviews, verify with photos, permits, and past HUDs, and start them on a small, time‑boxed task to test communication, updates, and workmanship before giving bigger scopes.

I’m curious how others are approaching this niche in 2025 — especially with housing supply tightening in many markets.

Despite owning a condo they are not what I generally recommend due to fees and likely abundant supply when it comes to resale and renting. 

It sounds like you might be after a JV partner to supply the money while you handle deal source, rehab, tenant placement and management?