It's REALLY hard for owners to cash flow paying a PM at all, much less 25%+.  

The COC will be right around 8%, with $500 in cash flow (after accounting for Maintenace, repairs, taxes, insurance, vacancy, etc.).

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

If they are not able or willing to honor their commitment to pay the full rent amount, it's time to start negotiating a mutual termination agreement, cash for keys, or eviction.

Purchase price: $290,000 Cash invested: $45,000 Short Term Rental (Airbnb) What made you interested in investing in this type of deal?

If I buy my home in Michigan first that cash flows, I can save that money and buy the Florida property as soon as I have enough saved.

If it's working as an LTR and you are cash flowing, I'd be willing to bet that the juice won't be worth the squeeze in converting them to STRs. 

You've been able to save up and have $50K in liquid cash.