If you're talking 20 acres, just the outside will run you a lot.Driveways, entrances and parking- $2mm.Turn signals?

Most real estate earns you money over a longer period of time and people don't want to wait, plus with the current interest rates, you can park the money in a savings account and do pretty good with no headaches.

We even bought a couple of apartments in Gulfport, Mississippi, and ventured into mobile home parks in Gulf Shores, Alabama.

Do you want to be more hands off with just a TOH (Tenant Owned Homes) park or are willing to get in the weeds a bit more with POH (Park Owned Homes ie rentals) park or even maybe a mix of both. 

There's an area in Venice called Wellen Park that seems to be an up and coming area, very family oriented. 

The 50% rule is a gauge to see if you are in the ball park.

Especially if the condo can be a STR, an ocean view makes it more valuable...not to be a "butt head", but people can buy/rent and look at a parking lot anywhere for much less.If you think you've got a good agent, take their advice. 

Over the years I've been involved in spec building projects of houses, small office parks, office/retail condos, etc.

Property currently has a residential building that we run our business out of, is a STR for the events, and sell parking also for the events. 

Parking and crime downtown remain a challenge.