@Patrick H.I do my own but have met with Jill Sport in Pace, FL for some advice in the past.

You would need 30 units at that pace. 

Rents are also going up but not with the pace of housing prices.  

Nevertheless you have to run your race at your pace not someone else.Consider spending 30 minutes for 30 consecutive days on Bigger Pockets.

Things definately go at a different pace there than the mainland, no?!!!!  

Generally speaking from an economic perspective, interest rates increase when inflation increases in an attempt by the central government to control the pace of inflation. 

Does anyone have experience with the PACE program?

Thank you @Jeremy Pace

@Jeremy Pace thank you for the tag!

Buy and hold is not going to generate chunks of cash fast.If their goal is create passive income, then the next question becomes - do they have the cash reserves to grow a portfolio at the pace they're looking for.