Pensacola is a great market for investing and the number of properties available right now is up so there are actually some on market properties with potential. 

Had we scheduled the closing in the morning, there would not have been an issue.The only potential upside is that a disaster area declaration triggers changes in mortgage rules that could beneficial to the buyer. 

Since this is my first project, I’m very open to any advice or suggestions—especially regarding potential obstacles I might not have considered.

I’m really interested in learning more about your experience.I’m curious about the potential downsides and challenges you’ve encountered with this system, especially when it comes to picking neighborhoods.

I don't want the opportunity to pass so I'm reaching out to family and friends who would potentially want to invest too.

A second STR in a market with year-round cash flow potential might balance out your portfolio and give you more consistent income.

Potential income 600k-800k.3.

Keep track of 3 buckets.1) Owner occupied portion - potential deductions for schedule A2) Tenant occupied portion - potential deductions for schedule E3) Jointly occupied portion - likely prorated for both schedules.There are nuances to this, so I recommend looking for a tax pro who can coach you on this. 

Communicating timelines and expectations upfront can help prevent losing good prospects to other properties.I'd say it's a potential red flag if they want to sign the lease without viewing it.

The demand for rental properties is soaring, driven by a growing population and limited housing supply, ensuring strong and sustainable rental yields.Government initiatives, such as urban regeneration projects and housing incentives, are creating new opportunities in emerging markets like Manchester, Birmingham, and Leeds, offering high-growth potential for forward-thinking investors.