There may also be some good inventory hiding in older areas of Fort Myers (Between McGregor and US41) and its not uncommon for some single family homes in that area to have income producing apartments or guest houses.Remember, as you are a finance buyer, you have a bit less leverage with sellers than cash buyers do, so you'll want your offers to be relatively strong in other areas (if you are asking for concessions you are likely not to get an accepted offer on an income producer).

Also, it's a little gray ethically, because agents aren't supposed to be paid for real estate related services except by their broker.If you want a bird dog, try talking to a wholesaler ... ask them to send deals your way that they don't want, or ask them if they know someone.  

Long story short, my Realtor really understood my long term objectives & had the property we bought on our "go see" list.

@Zachary Robertson, the main reason I have read for getting your License relates to MARKETING of property that you haven't taken full ownership of - a big no no in Ohio.If you buy, THEN rehab, THEN sell, no License is required.

It's jobs and population increase driven, companies continue to move to a state w/relatively low cost of living, quality lifestyles and this continues unabated w/local economic and industry diversity increasing.  

Since you make your money on the buy , its relative .  

Is this relative to equity and the value of the property at the time of cash out refinancing? 

Regardless of the primary residence issue, I'm pretty sure you can't 1031 with the owner of the replacement property being a part of the LLC for the other property.....related parties.

There may be some opportunity in the older sections, but it seems like those are moving relatively quickly as well.  

Also, sign up for upcoming webinars.There are several real estate related meetups in the area.