Sheena,I'm not familiar with Florida but long term rentals have continued to outperform almost every asset class over the past 15 years. 

You may be joking but there IS roof-top vertical windmill units that FAR out perform solar on every front. 

I live inland north county so my investments are north of I8 (many are in Escondido) but I do not necessarily expect them to outperform the area.  

If annual cost for Florida is $2343 more than Nevada but appreciation out perform Nevada then it's a different perspective. 

Real estate has been my best investment, but it has only outperformed index funds due to taking on heavy rehab projects and leverage (which looks great on a spreadsheet but is really nervy in real life). 

sorry if I offended you but there is quite a lot more data than since 2004, and as I said in my post REITs have outperformed for 20/25/ and even 50 yrs of data, but you are correct not in the most recent 5/10/15 yrs only MAG 7 run-up.

This little nugget made me millions when COVID boomed and Utah outperformed every market besides Boise. 

However, with the negative cash flow, the first large cap ex or the first bad tenant will have you question the decision.As for that market, I have been forecasting west Chula Vista to outperform the broader San Diego market since the bay front redevelopment was funded.  

Sure, you don't want the property to be negative after you move out, but likely with rent growth, and a possible refi, you should be fine for that. and even if it is slightly negative your appreciation, and loan paydown are probably still outperforming that.Have you looked into other rental strategies for the property? 

Last year my largest holding FDUS, paid 13.6% dividend and stock also went up 8-9 %, as long as 10 yr flat to rising they make money on their large net interest margin spreads.if you ok with moderate risk, pick good REITS, as a group VNQ they beat sp500 last 20 and 50 yrs by about 1.5-2.0%, and they beat private real estate investors by 2-4% in academic studies as well, that's an average, that doesn't mean REITS outperform the excellent investors here at BP :)Or take out a margin loan and YOLO Bitcoin, no don't do that!