With fees doubling and competition heating up, you might want to rethink this investment.

-I had the benefit that he knew other contractors I had worked with so I told him he can talk to those guys to ensure I have always paid on time and treated them right.At the end of the day, it doesn't hurt to remind him it's a competitive market and others have accepted these terms.  

What would you say is the average occupancy and daily rate for a 1500 SF 3 bedroom home in good condition around a mile from the beach / pier? 

I am not opposed to the idea but definitely need to get more educated on the details such as where exactly, is it too crowded of a space, how to be competitive, maintenance requirements for a beach rental, etc.

I'm hoping someone could explain to me what this means on the HUD Property Condition Report - pour water/antifreeze in drains - fail.

I always check active rentals to see what the competition is currently looking like for if a rental were to go live that month too.

Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

It's super competitive still.

Additionally, in the R-7 and R-8 Zoning Districts, you need a Conditional Use Ordinance from the City Council to authorize the conversion.

I've never had a client not be able to get a great competitive premium on a property here and we've bought all kinds of property.