We have a place in TI with a Monthly minimum.  

No way in hell would you pay $200/month in TI payments if you were landlord, something does not seem right about that math.

If your going to go to the beach you typically stray away from Gandy and head toward the Gulf beaches...Have you looked over in TI or Madeira yet?

Let me know if you have any questions and talk to your local real estate agent to make sure that flies where you are =) Ouch that could really cut inti your ROI Im happy I sought information prior to trying to get a loan from them.

For me those things are the fine details that help in "tie breakers" or applications that are nearly even.

What's not included in the profits above is the opportunity costs in tying up funds for such long times.  

If it is not secured by property you should be issuing a 1099-INT for interest paid to that person or business.1099-INT is issued to the person who received the interest.1098 is issued to the person who paid interest.You should have an amortization schedule that you should be able to use.My clients call me with questions like this all of time.

I just don't have any interest in tying up a bunch of capital for a long period of time.

Just my thoughts it may be that your buyers are gravitating toward specific types of properties or areas leaving you with properties they aren't interested in, tying up your capital.

It is not a guess, but a calculation based on experience in tis field.