Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

In FL flood is typically the main cause along the coast.

The main factor is will rents cover the debt liability and can you sustain 3-4 months of no income to cover the debt? 

And what are your main concerns about financing?

We were able to buy low in a good neighborhood since the home was in need of some work, mainly needing cosmetic work and some deferred maintenance.

ALSO they have regs on rooming houses only allowed in specific zoning, similar zoning as for hotels;  only on main streets in business districts AND you have to apply for licensing and blabla as for a hotel..That said;  there is a small movement supporting rent by the room as a small step toward solving affordable housing. 

Right off the main drag. 

The Columbia market -- specifically West Cola, Cayce, North Main, toward Camden, etc. -- appears to have some properties that would cash flow well, but may be limited on long-term appreciation.I'm looking to stick to market-rate properties.  

Meanwhile, a regular 1031 can be less complicated to manage if your main focus is simply deferring gains.Considering how property values and financing rates have shifted these past months.. do you think an OZF might be a better strategic move than a 1031 in your situation?

We do co-living for the main stream.