I don't know if the Orlando area is a good choice since there are tons of STR homes already there.

@Michael Mainini you have options and renting could be a good choice if your interest rate is low.

The two choices I would suggest is; If the doors are painatable in that they would look like a nice kitchen rather than a patched up kitchen, then you should paint them.Replace the cabinets with an inexpensive imported type of cabinets.

Its a choice one makes once they have owned both types of assets for any number of years..  

but once a policy is in place and there is sufficient cash value then credit is of no concern and it's yours to leverage how you see fit.As for the $20k that can absolutely be sufficient to flip a property or help flip a property.

My direction is a personal choice - free and clear.If you are in a position to start saving for your first primary in a year.

I use it to quickly research the property's county info while driving, pin the properties of interest, later on export list of properties as a spreadsheet and send it out the my choice of skip tracing company.Hope this helps. 

If you had it to do again, would you make the same choices?

@Daniel Stoychev for me personally I’m open to investing most anywhere if the deal is right by the choice between Cook County or not Cook county I will always go with not Cook County. 

You could buy a CD right now at 5% and make a better return and that is a VERY conservative choice with much more advantageous options available.