The financing contingency period is up tomorrow and it looks like they are going to back out, so I guess we will put the property back on the market as a cash-only purchase and see what happens. 

the biggest indication of a investor failing in real estate is not having enough reserves to get through the rainy seasons of the investment where as people who can get through over a long period of time do extremely well.

Alternatively, if more time is needed, then they could pay you a fee to sell them an "option contract" to buy the property at a set price within a given time period.

Based on the Florida Attorney General opinion (Case Number 16-2022-CA-3550) that finds that generic zoning provisions such as Jacksonvilles do not qualify as a regulation adopted on or before June 1, 2011, the trial court dismissed the City's enforcement lawsuit.

It has been in effect since early 2022, requiring licensing for STRs and max 180-day listing periods. 

Sometimes issues can go unnoticed and get much more expensive if you can’t see the property physically for long periods of time.  

I used to have several out of state investors who would buy houses in Memphis via the online tax sale auction, then hold them for a year so the redemption period ended, then they would hire an attorney to "quiet" the title which would take 4-6 months and cost roughly $5000 but then they had clear title and would sell it "as-is" to other investors or hire me and list it on the MLS and get higher offers. 

Loans typically get paid back on a refinance or buy out period but if the property fails to gain enough equity within that period of time it can be a lost deal and painful.I would advise you to look into traditional or Non/QM financing where you use your credit score or income to buy the home.

Like-Kind Exchange Depreciation OptionsOption 1: Generally, taxpayers must depreciate the carryover basis of property acquired in a like-kind exchange during the current tax year over the remaining recovery period of the property exchanged.

If you use the money for personal purposes, as opposed to business purposes, the interest on this loan is never deductible, period.2.