I've always thought that the St Pete/Seminole/Largo/Beaches areas were geographically similar to san fran being a mini penninsula, seems like the isolation has help san fran grow more than surrounding areas so I'm interested to see how that plays out here.  

I think part of this is people are wanting to do driving isolated vacations rather than flying to busy destinations.

Consider I just estimated rent at $975-1,000 on a 3 bed SFR, a couple streets over in Cleveland Heights schools the same house would be around $1,100 - around a 10% discount.The area is also geographically isolated from the rest of East Cleveland.We have represented over a dozen doors in this area and have not had significant issue with excess repairs or vacancy.You are already well prepared since you know about the nuance of the area.

@Berron J.I believe they want that to limit/isolate the liability.

While it may be the case based on the legal wording (it seems a bit gray to me(, I think it provides best coverage to just have at least one escrow account to keep the funds isolated from operating expenses and your personal money.Q2.

It's isolated to the downtown area.

As we mature as Investors we need sound professional advice for structuring taxes, structuring , insurances, hedging risks, leveraging funds, and transacting in RE, and  all of those services are isolated by different professional licenses. 

Here is the big difference between people lke me.. and people like you.People like me isolate motivated sllers, and then target them.

Ben,If the electrical is like what I have seen in most hotels, there is no cost effective way to sub-meter/isolate individual rooms.  

This isn't isolated to RE either, and there is always something "bad" about to happen.