Hello -

Long time lurker, first time poster.

I have a house I bought in SWFL in 2020 for $349,00 @ 2.75%. Current mortgage is $1722.20 (Principal/Interest/Insurance/Taxes) with an every two week withdrawal. Current loan balance is $251,423 and the current estimated value is ~560k.

• 3br/2ba
• attached 2 car garage with additional space for 4 in the driveway
• 1679 sqft
• central a/c & heat

• heated pool/jacuuzi

  Currently the house is listed on all of the STR sites. The city is very seasonal. 80-90% occupancy during high season, and 20-60% occupancy during low season with August/September/October being the slowest months.

I've been doing the STR venture for almost 2 years and year after year, the numbers just make more sense to either go LTR or sell and not worry about the stress. It brings in a profit, but the wear and tear from STR is causing more repairs and maintenance in the long run, and STR guests are just getting worse and worse to deal with. Had a guest literally freak out because my pool maintenance guy showed up to take care of the pool (it's in the house instructions when they are scheduled to come each week). I'm probably answering my own question here...

The estimate rental value for this property is ~$3800/month. Since I still live there when the house is not rented, it currently has a homestead exemption. If I remove the homestead exemption, taxes will take my mortgage payment to ~$2000 a month.

I've been reading a lot about different real estate investment strategies, researching areas where I could find some decently priced multifamily units that need the BRRR treatment and have found some viable options. However I'm not sure what foot to begin on.

If there is any information I have left out that will help with advice, I am happy to provide it. If there are any books or videos anyone recommends watching, I'd appreciate those too.