If contractor fails you he can lien the property without doing the rehab and the value of property may be less than you paid at that moment as is not rentable, title is a mess, and lender is not a contractor#4 calling twenty hard money lenders is like hunting for fireflies west of the rockies.Get recommendations from knowledgeable people.

I feel like it could become like the roaring fork valley or Moab, Boulder (30 years ago), Sedona, Durango, etc... attracting people for other reasons beyond energy jobs such as outdoor recreation opportunities, climate, access to nature, great place for remote tech workers due to affordability, less traffic and people than the front range, two big rivers running through town, Grand Mesa, Colorado national monument, lunch loops, Utah right there...

I was moving in over the weekend and the next door neighbor and his daughter (mid twenties) came over to introduce themselves to me.

@Matt 'Roar' Gardner is very knowledgable in the market and can probably help you out if needed.St Petersburg seems to draw a younger customer/crowd, but would be a similar price point to Destin.Sarasota/ Bradenton/ Long Boat Key is another solid option.  

Take 20 other “rules”, come up with your own comfort zone investing matrix and go from there. 1% may get you cash flowing twenty bucks a month and when you go to sell, you realize your property not only failed to appreciate or keep up with the 9% inflation, it actually depreciated.

I flaunt conventional wisdom of paying off high interest debt and trust my own judgement above all others, even when I was in my mid twenties. 

Other Zones: All other zoned lots or parcels: (1) Less than one acre: Five (5) signs per street frontage not to exceed six (6) square feet per sign, and one sign per street frontage not to exceed thirty two (32) square feet per sign. (2) One to five (5) acres: Five (5) signs per street frontage not to exceed six (6) square feet per sign, and one sign per street frontage not to exceed sixty four (64) square feet per sign. (3) Five (5) to ten (10) acres: Five (5) signs per street frontage not to exceed six (6) square feet per sign, and two (2) signs not to exceed sixty four (64) square feet per sign or one sign not to exceed one hundred twenty eight (128) square feet. (4) Greater than ten (10) acres: Five (5) signs per street frontage not to exceed six (6) square feet per sign, and three (3) signs not to exceed sixty four (64) square feet per sign or two (2) signs not to exceed one hundred twenty eight (128) square feet per sign. c.

Twenty-four hours shall be presumedto be reasonable notice in absence of evidence to the contrary.

Smaller multi-family is significantly more common in the Northeast, Midwest, and Western cities who had their economic boom in the roaring 1920s-60s and thus, tons of high density zoning was developed across the country (but not the South).

(Tenant is mid-twenties, probably just wants a companion) Nothing deceptive.