If you want to sell this property, you need to let someone inspect it at least once and the discount for due diligence needs to be worth it. 

Higher assets or cash in the bank increases what is called you compensating factors which banks/lenders use to qualify.

Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win. 

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).

Palm Coast, while not as flashy as Miami, is indeed growing rapidly, with increasing interest from higher-income professionals and retirees.

Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals. 

In your mind, is losing $9,500 worth saving $195 per month? 

But if you have to jump through hoops or spend a significant amount of money to put it in might not be worth it. 

I don't know how that business could survive long-term with such low rates.If those numbers are accurate and you can net $38,000 a year, then it's worth holding onto.

Sometimes worth waiting in that case.