Yes, you might make more gross income....but when you factor in the added wear and tear, repairs/maintenace, and increased cleaning fees....are you really netting more money? 

It's the factor of losing part of the control over the team that is most concerning to me.

But the treatment after Maria make it clear its going to treated as a last-class part of the US. 

There is also termite presence potentially since treatment was done and other issues that I am thinking will be around 8-10k. 

Proper notice is a real sticking point and over the last 10 years case law has rapidly evolved  concerning overturning sales due to notice issues amongst other factors.

I talked to him about 6 weeks ago; he had relocated to Nashville to live with his son while he took treatments at Vanderbilt.

On the other hand, Florida continues to be a highly desired market for out-of-state and foreign buyers, keeping demand strong.Given these factors, what are you currently doing with your condo investments in South Florida?

You might find that "saving" on taxes is small compared to what the property might be worth (talk with a trusted real estate agent who knows the area and can give a projection of property values).Don't forget to factor in closing costs (real estate fees, pro-rated property taxes, etc) and take into consideration your other income and/or investments. 

Because of this, I would say this is one of the smaller factors you should base the decision on, unless you're extremely bullish on the future Cape Coral market outlook

A lot of X factors that could affect advice given here.