They will take the floor out down to the footing, rework all the drains in the building, install drain tile on the inside of the foundation that drains to a sump.

Thankfully I bought my condo when I did (late 2015) when interest rates were super low and the market was cool enough for me to afford to get my foot in the door.

Make sure you start your investing career with the right foot. 

Being raised near Winmark in Port St Joe this has been “up and coming” since I was in high school and we are talking 18 years ago.I was just there visiting my parents and I do see some more houses going in there and maybe the popularity from the hurricane has brought many investors but I still know what it is like there come August-Feb (ghost town) and that is why I personally haven’t owned anything (yet) back home for short term.Now I could be wrong and the money is good enough to offset all the slow months.Just giving my perspective as I would be more inclined to buy something in Panama or Destin where there might be more foot traffic if I had to pick between them.

Add them all up over time and apply the formula and BINGO......You will recognize the opportunity.That's the part that most investors don't get.

The McAllen metro could vary quite a bit in the price per square foot, currently ranging between $78 and $130.  

I recently rediscovered the idea of Equity partners, or a least a financial partner that has the cash and lets me do all the foot-work.

Added bonus for us was the 10,000 square foot lot and live oaks on the property -- hopefully something unique to attract more guests (or headaches from cleaning leaves, etc.), but time will tell. 

I am in Dallas for example.Pricing things per foot that way allows you to be quick and competitive. 

This is a way for them to lock into home ownership and create some stability and solid financial footing.