Which means for those later asking, they won't get the kind of care of answer the earlier persons get. 

There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally. 

But unless their businesses are structured very carefully they're no operating in the clear. 

Although I'm not sure if a tenant would care, but I also do want to be fair. 

This could lead to a huge tax bill and penalties.Think carefully before you do this.Good luck. 

And if the people you're working with aren't giving you the peace of mind that everything is being done correctly, send me a message and I'll get you taken care of.

Let me know if you have any advice for organizing expenses and projects to stay up to date on the health of the property. 

Be careful of some of the lending requirements that may ask what your intention of the purchase is. 

Their home in Waldo was also a great deal a Duplex they found for $210K and now getting $1250 a door since it needed renovations.Some advice is be careful with what you by so that you are not paying top dollar or market price for a home that someone just renovated.

Does that include covering your (future) retirement needs, health care costs, all other corporate benefits?