There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

In other words, individual policyholders are subsidizing the losses. - Inefficiency with payouts and administration will be compounded as the FAIR Plan has zero experience with a major pay out and lack infrastructure of assessors and technology to distribute the funds they don’t have.

Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.

Based on 27.5 yr straight line depreciation, that's about $1,700 of missed annual depreciation; $25,000 over 15 years - and at an ordinary tax rate of say 30% tax could amount to $7,500 off my current tax bill. 

To remedy this for next time I am in the process of creating a design board that can be used as a base for future flips.

I was kind of skeptical, but seems this city/town is good place for STRs based on your response.  

@Aaron Zimmerman Good point about structure set up and determining cost bases.

In the past 10 years, Ocala has greatly improved the employment base, adding tons of logistics and distribution jobs on top of the medical, service and equestrian jobs that we have always had. 

The information provided is for general knowledge based on my experience and should not be considered tax or legal advice.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!