It's very difficult for any family to uproot and find other suitable housing within 30 days.

It has high visitor counts, is almost recession proof (area saw flat or increased traffic during the recession), and while the market has risen you can still  get nice properties with that budget.

It happens every Monday like clockwork.Tampa REIA Main Monthly Meeting - this one costs $20 / visit or the $100 annual fee.

I thought I might be able to buy something for myself to have (or lease to friends/visitors). 

If the seller won't play ball, you might be best served walking from this deal and seeking more suitable space for your intended use.

Probably close to 99% of the deals on the market are not suitable for investors.

@Jorge Barboza Jr.Congratulations on finding a suitable investment property!

I think if you looked at your balance sheet you've already more than dipped your toes :)  You may not have generated massive cash flow but depending on when you bought - the Keys, Brickell, Miami and any land out west suitable for a summer home have appreciated massively and probably shifted your asset/liability balance more than 99% of cash flow investors working at real estate.So another option feeds right into this without having to go with a management weighted DST or syndication. 

@James Murphey thanks for the advice@Chris Martin I agree with your view of multiple streams of income but I feel like having the roths maxed out is suitable to have enough skin in the stock market to generate wealth in the long run.

  …. but you would also have to save permission from any visitors to the property who are not tenants.If you do install audio recordings, I give you about a 73% chance of being sued year to year.