If not in the city, and not in the ETJ, then it's a lot easier, provided you can get water (probably need to drill water wells so thats a separate ground water district) and sanitation (some sort of onsite sewage treatment).

At 7 doors it's not necessary, but of course software can save you time, especially if you grow.If you plan to scale beyond your current size, I would echo other folks above that you should look into one of these more robust software solutions sooner than later (re: Buildium, AppFolio, RentVine, etc.)

Are you able to get good returns with them or have you found solutions to the frequency and specificity of rental inspection repair requests? 

Investing outside Florida and considering remote management and property management are viable solutions.

Also, we shouldn’t be your only financial solution.

But as a short-term solution, playing the 0% credit card game can be an option, but from my experience, juggling from one to the next with no backup plan often ends in paying high interest in the long run.

Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.

This will give us a edge as the goal is to have a waitlist of students in hand as we build so we can cater directly to the demand.Our solution is to rapidly develop housing through modular 2-4 unit apartments, which are as or more competitive then any other form of LTR I've underwritten.

I am probably going to try renting my unused basement for STR in any event due to incremental cash flow (STR loophole or not due) but wanted to check on the right accounting treatment. https://podcasts.apple.com/us/podcast/tax-smart-real-estate-...

We need a solution that will let us live our current lives without the added workload required to get more prorperies on our books and in service and even if we got $500k from a partner it wouldn't be enough to make that happen.In short, I can't keep up the 9 to 5 thing on top of a full rental portfolio for another decade