On paper, that's a 88% return before depreciation (can't depreciate land, but you can do a cost seg on the septic and other improvements), appreciation, etc. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Fort Lauderdale has higher purchase prices and nightly rates, but Pompano has had an influx of investment and continues to improve, specifically by the beach. 

Because of the relationship I have with the contractors I use, there is no material mark up when they source the material.Basically there is not an issue.The CSLB law on prohibition of T&M residential home improvement contracts has been around a long time.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

By any chance are there any agents on this site from there?

They may sell in a few years when interest rates drop or keep it longer term as cash flow on the property improves!

Spear's comments about required capital improvements as they relate to rent increases and a captive audience/ trailer trash mentality. 

From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

Unless you have $5 - 10k MONTHLY to spend on marketing this is what you need to do to have any chance for success with wholesaling.