You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

Stay away from the condos as they are going to continue to have higher HOA's and insurances going forward in Florida.

The tradeoff for doing it all alone is higher risk and a much slower pace.

If you're considering the Midwest too, the lower entry costs and higher cash flow might balance your portfolio.

The Norada Capital promissory notes do offer a high rate of return (interest), but I would not classify them as "high risk" because of the higher interest rates.To correct your comment, they ARE backed by hard assets and collateral.

., and in your analysis account for slightly higher PM fees.  

A safe baseline is 5%–10% for vacancy, with C class properties often leaning toward the higher end due to more transient tenant populations.As for maintenance, the percentages they’re quoting—2% for B class and 7.5% for C class—are on the optimistic side, especially for long-term projections.

In my opinion the ROI is significantly higher in Naples then the Cape.

Of course, your specific block may be higher or lower.