I'd bet that this note is worth more to you than to most buyers until the note is much lower LTV, but I'm a novice in this space.

Use negotiation to lower the price from the “no go” asking price to a “go” lowerpurchase price.  

Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

There is a ton of fix and flip going on in Brooklyn and I am trying to work my confidence towards that after my first project at a lower price point around 300K somewhere (CT seems like my only option). 

I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me. 

Most Florida markets will share some dynamics though like taxes and insurance. 

Essentially lower my taxable income by $117k?! 

The higher the deductible the lower your overall premiumbut get quotes on all the deductibles you are interested in.

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

I've been knocking on doors, there is one that seems like it's abandoned, however despite finding the owners name from tax records I cannot seem to get in contract with them to make an offer (despite trying x, y and z).