Most cynical takeAnother Erin take here: The over-complication of real estate only serves vendors who want to insert themselves between you and the STR money.

I'd say it is a solid B class location 5 min driving to home depot, whole foods, publix, LA Fitness. 12 min driving to Surfside beach and Bal Harbor. 

Post back if you find another lender who serves you well, and I will add them to my list and pay it forward. 

The seller serves as the lender under a seller financing agreement, and you send payments to them directly.

This isn't about reinventing the wheel; it's about refining it to better serve the needs of real estate professionals tired of the status quo.I hope this gives you a clearer picture of our intent and direction.

Gas, fast food, etc.   

I recently had a client buy a restaurant building, the seller had purchased the building, spent a good chunk of change fixing it up, and then promptly went out of business b/c the food they were looking to 'supply' wasn't in 'demand' in that market (a restaurant's 'market' is the local area, a destination resort's market is obviously "the country" or "the world," so I think part of it is automatically solved in your case).

Historically, such declines have served as leading indicators of an impending recession as employers tend to shy away from layoffs initially, opting instead to reduce hours, making this decline a significant red flag for the economy.Adding to the concerns is the fact that 639 U.S. corporations filed for bankruptcy in 2023.

I would say this property served its purpose as a relatively easy to setup investment that helped me get experience in real estate investing. thank you to everyone in the chat for your help here. 

But the amount we are learning on what it takes to own, fix, upkeep, and serve travelers is well worth it.