Investing in long distance short-term rentals

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Posted by James on November 20, 2009 at 17:47:30:
I live in Chicago and I am thinking of buying a Condo/Townhome in Kissimmee, Florida near disney. It is only 2 yrs. old and in great condition, outdoor pool, hot tub. It is being sold for 85K.
What are all the expenses and headaches associated with this?
My expenses will be mtg debt, taxes, association dues, advertising (on VRBO), and paying a cleaning person after each short term rental. Am I missing anything??
James

Follow Ups:

I guess it is more complicated than I thought James 21:59:49 12/01/09 (0)

Tons of properties in Kissimmee Chi Ming 22:47:26 11/23/09 (0)

besides the high management fees.... David Krulac 22:37:33 11/21/09 (0)

Re: Investing in long distance short-term rentals Natalie-VA 15:54:47 11/21/09 (0)

It is a Short-Term Rental James 10:08:36 11/21/09 (2)

Re: It is a Short-Term Rental BchBum 20:56:15 11/22/09 (0)

Re: It is a Short-Term Rental Brian (NorCA) 13:01:43 11/21/09 (0)

Vacation rentals Jimmy 06:40:33 11/21/09 (0)

Re: Investing in long distance short-term rentals reinvestor702 19:09:28 11/20/09 (0)

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