Calculate expected returns, costs, time commitment, etc.  

If you’re confident managing more complexity and have the funds, a small multi-family property could yield higher returns.

Overbuilding certain features can lead to diminishing returns, especially if they don’t resonate with local buyers.

In addition to that, though, there's several other LTR markets that offer pretty decent returns (6-8% ROI with $250+ cash flow per door is possible) for what you typically see in Florida, without accounting for appreciation

Strong rental performance & return Lessons learned?

20% down is terrific on land.It’s a non income producing asset which has increased volatility, typically I see 65 LTV max on land as of late.

its funny how this changes with time and the market on BP  if you asked this question 5 to 7 years ago you get drowned out with the cash flow is the ONLY thing and appreciation is for gamblers my self I have always been about making appreciation games in RE.. by either value add building a new product or buying foreclosure and flipping or lending money and getting instant 12% plus returns . 

And get those incredibly good returns?

By then it was too late, and he had excuses for everything.

From October to late November the mountain is closed.