Legally-if you are zoned for it, you must now get permission from your landlord or the HOA of the condo. You must also pay to apply for a business license, then pay for a business license. Then you must register with the Department of Revenue to pay the sales tax on every room, there's a tourist tax, and the tangible personal property tax (Tangible Personal Property Tax is an ad valorem tax assessed against the furniture, fixtures and equipment located in businesses and rental property). I THINK those are all the taxes. You'll now notice that you make pennies in profit. Is it still worth it? Well, that's the idea. Florida really does not allow short-term rentals because of Disney and the hotels lobbying. Keep in mind that if you just rented a room with a lease, you would NOT need a business license or be considered a hotel and responsible for those type of taxes. It's an unfair burden.