The only way we have made it work is first you have to be a cash buyer, having a mortgage is out of the question. Second, only do annual rentals as this will be a lot less brain damage and gets you around the Florida hotel tax. Next you must be an active landlord. In other words you need to live here in TV year round to keep an eye on the property. You as a landlord must be willing to do most of the needed maintenance. After all is considered in the way of expenses, property taxes etc., you can realize an annual gross profit of around $10k a year. Been doing this for a few years now and this formula has worked for us.
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