@Lisa Marie for the extremely in-depth thought-provoking reply with amazing analogies and explanations, I felt very inspired to do more and learn more. 

Disappointed they put the septic tank relatively close to the house, even though the lot is over an acre.Neither Suncoast nor SI disclosed they were building other homes and marketing them for rent at the same time -- at a lower rate.I went under contract to buy a home in Ocala from SI in Summer 2018.

Got paid for it and really enjoyed it, but that same amount of effort if done for us would have taken us to some really lofty levels.My friend is extremely happy.  

How are you managing your properties in that area given that property management company seem to be extremely unreliable and seem to go under quite frequently 

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction. 

So yeah, sorry to anyone I disappointed.

@Rene Hosman I’d be extremely happy with break-even, but I’d also be satisfied with ~$15k/yr.

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

This is why is is extremely important that you use local resources who own STR's in the area or manage them at a bare minimum.

You’ll want to invest in areas that have tenant interest but also aren't on the extreme end of neighborhood quality—this means avoiding the very toughest spots, where turnover can be high and managing tenants can be difficult.