You have to treat your tenants like guests and provide them an excellent experience  2) competition is heating up so you have to bring your A game.

@Gary Barella that story hit home with me heavy.

It is very tough to finance these because most properties and borrowers do not qualify for the financing criterias on a competitive CRE loan. 

Maybe a STR makes sense because there's less competition.

Do you think there will be a lot of competition? 

Talking to friends and reading local FB forums, there seems to be a severe housing shortage for rentals, prices seem much higher than in the past, and the market is very competitive. 

This would be minimum as that market is uber competitive and we suggest you go super unique!

A fixer upper would be more likely to get a deal on.Certain areas like Orlando are very saturated and therefore competitive to keep rented at a good price.Research insurance premiums because they have gone through the roof in Florida and other areas.

It also shows sellers that you are a serious buyer, making your offer more attractive in a competitive market.

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.