It might not cash flow in year 1 but I am sure it will in year 3-4-or 5 plus the opportunity of appreciation is way better than suburbs.I have also heard/seen similar sentiments as @Matthew McDermott mentioned where in some folks prefer the quiet life and the rural living of some of these suburbs.

I think that's what you're referring to here and I agree with your sentiment.

@Bethany Young, I am going to echo others sentiment: the price implies a crappy area (maybe I am wrong) OR a MAJOR renovation.  

I agree with your sentiments.

The general sentiment toward STR PM's seems to be a bit negative, but there are still a lot of management companies and for a good chunk of STR owners there seems to be a need for management services.

Guaging local sentiment will be key.

Your input about buyer's sentiment definitely helped.I know settling in Florida is expected. 

@Mohsin MazharI had the same sentiments when I first started.

I've heard this sentiment many times. 

I agree with the other sentiments that this law seems reasonable and that it will weed out the investors not willing to go through the processes, making it better for investors who are willing to put in more effort.