If you are considering a property in a location you vacation to, you could also look at doing a second home loan.

STR's can perform even better as you know but its all about location and timing.

Facts- Property Sale/Closing date: October 21, 2024- Property Location: sold in Miami Dade County, FL- 1031 potential replacement property identification deadline: 45 day identification deadline of December 5, 2024.- Seller's residence county: Orange County, FLIRS Notice for reference: FL-2024-10 - Hurricane Milton IRS extensionhttps://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-milton-various-deadlines-postponed-to-may-1-2025-in-all-of-floridaMy Assumptions:A.

The insured appealed and the appeals court agree with the insured and reversed the lower court's decision.I handled a similar title claim where the complaint alleged among other things, the insured knew or should have known about the Plaintiff's prior contract and therefore the deed into my insured should be rescinded. 

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Property located in area of growth. 10.

this is why one needs to really research easements affecting their properties prior to purchase. 

So long story short I don't think it's likely they'll come back and check on your property to make sure you're not renting prior to sprinkler installation, but they can if they want to and if they find renters they can permanently pull your permit.

Location seems quite good close to Espianade park. 

Real estate laws are local to the state where the property is located.