I’m sorry I gave that impression.

I was impressed by his BP podcast at the time even looking him up online for more info on his magic "freedom number" and his impressive marketing skills.  

That was my impression of the area as well. 

Speak with your other neighbors around the house there, and get their impressions of that resident. 

Up here the land alone would be worth $50k & you can't get a shack for <$90k.We have had several local 'shacks' bought & then they built McMansions that are beyond impressive & certainly improve the area.

When I go to the Keys, I stay in Key Largo because its about halfway between Miami and Key West. key Largo itself isn't that impressive in my opinion, I just like the location. 

@Ola Dantis Account ClosedLuckily for me, I wasn't under any impression that flipping houses was anything like you see on TV.

Very impressed you're able to build at 130ish a square foot. 

My initial impression of the 2% rule was that this rule was just that the rent should equal 2% of the purchase price.

If I run the numbers ultra-conservatively, assuming all garages are vacant with no income from them, the property would make about $350 cash flow monthly with 5.5% cash on cash and 6.5% cap rate (I know, not impressive).