So, if I am receiving regular rental income, payroll deposit, and such that can be sourced, it can be immediately used and does not require the 60 day period, correct?

We're starting to see a correction in the supply of STR in central FL which will make things easier for homeowners that can stick it out.My advice: Look for opportunities that are as far up-market as you are comfortable with.

Let's say $1,600 for supplies. 

The sales pace was impressive, with 91.1% of properties selling within 30 days in April 2022, while inventory dropped to just 0.7 months' supply.

That way you still make a regular income but don't have to be a landlord.

Beating 8.5% would be pretty hard on a regular basis.

@Bob Stevens - Thank you for taking the time to reply.The same can be said about many markets, so I want to ensure we see the same thing.If you look at the increase in rental prices, the lack of supply, and the increase in building permits, you could say there is an opportunity here.

You overlook the most basic rules of supply and demand.

It sounds like there are problems regarding infrastructure like roads and water supply.   

Car washes require regular maintenance, collecting cash, etc.