Augustine does have an existing set of well-defined STR regulations.I'm not sure about Jacksonville but maybe @Brett Nissen can chime in and educate us?

They have to run 2 new wires (100 amp each) underground but still carry the same load as the existing one (200 amp).

Stairs can be $8 each plus replacing the existing padding will drive the end costs up.

The caveat I will add to that is if you have a good existing relationship with someone and have done deals or have other properties that can be used as equity then you possibly could get no money down

Hows it the biggest change to the industry in a century...when literally 25 years ago the MLS was not on the internet, and thus commissions not easily discernible from going to an online MLS.Literally we are just going back to something that existed in the industry not that long ago.

If just doing small repairs, if existing water supply is copper it will look better to keep using copper.

Paid off our existing home in 2023. 

There is the detraction from existing SFH. 

FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

Social media platforms like Facebook and LinkedIn are also great places to network with buyers.Ask for Referrals: Don’t be afraid to ask existing buyers for referrals to other investors.