Here is my heatmap from a few years ago (we have far more traffic and conversations now).

I manage around 400 rentals with 14 years of experience and have never been sued once.

Assuming identical properties, a 3/2 in Largo FL 2 miles from beach with no pool or hot tub: $50,000 a year. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The issue with watering your foundation is that you have to do it always, every year without a break in order to achieve the desired effect.

I work for a building materials company now and took their online game from Zero to very engaged in the past few years and it's been really fun.

@ Rich NgHave you had much trouble with section 8 over the years vs. your market rate tenants ?

I was also getting credit card balance transfer offers at 0% promotional rates for a year to a year and a half and I started transferring my HELOC balances to the promotional credit cards.

Despite the house being operated for years by the prior owner as a STR. 

You should have all the contracts readily at your disposal. having been an agent for 2 years already, it's really concerning that you wouldn't readily know the contracts for such as of yet, so I have to assume you have done exceptionally little the last 2 years.