My expertise lies in the vibrant market of Pinellas County, where I've honed my skills for over 7+ years.

As I prepare to use an FHA loan for my first multifamily investment, I've become concerned about the extensive repairs that can accompany purchasing an older model.

Leveraging Ed's local market expertise, we quickly assessed the property's potential.

If there Is anyone that can offer their expertise on what options I may have I would greatly appreciate it.

I'm sure you've helped clients in similar situations.Thanks again for your time and expertise!

Financing is easier in this model. 

My model won't make sense until I have the land cost figured out :) thanks in advance BP!

Work with the local experts- talk with local zoning officials, engage architects, and reach out to contractors to understand the cost and feasibility of your project.Run your numbers- do some forecasting and layout some financial models to project costs, revenues, and returns.Make sure you are utilizing your team- aforementioned real estate broker, financial advisor/ CPA, and lawyer and others as you go.Best wishes and good luck.

@Brian Jordan @Dustin Heiner Interesting contrast in your approaches; however, it is obvious to me that you each have solid, well thought-out business models. 

STR management is a highly local, hands on business and their business model just doesn't make sense.