Bruce, It was about $295 total.

We have owned 14 SF rentals and 4 apartment complexes totaling near 1,000 units, and over 17 year period we have been sued exactly once.We had a 350lb resident that missed the bottom step of the staircase, fell and hurt himself. 

Here's a revised response with a more structured format:---Hey JeffIt sounds like you’ve got a solid deal in the works, but I totally understand your concerns about the 5-year seller carry.

Everything else comes from networking, experience, and getting your hands dirty. 

It takes hustle, but once you’ve got the right mix of funding, project management, and lender relationships, it’s totally doable!

In 2019 i only had handful of unbooked nights for the year and the area was active the entire year (there was no huge off season).  

That said, it could be a good choice if you’re capital constrained and need to recycle equity from deal to deal.However, if you have capital to deploy and want to take a more hands-off approach, targeting a turnkey, rent-ready offering could be a better approach for your first deal.Full disclosure: I own rentals and operate a turnkey provider in Tuscaloosa—let me know if there are any questions I can answer for you!

This is my first time and I'm buying a fixer upper that needs a new compressor, roof and a total kitchen remodel.

This can help you greatly with the additional depreciation.Ultimately, med to large MF and small 2-4s are totally different products. 

As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.