if the later, i do agree it's not necessary. 

I agree with your points and have come to the conclusion that out of state investing still provides for more opportunities for me.   

I agree with Owen.

Quote from @Gregory Schwartz: I agree with your assessment.

@Mostafa Koperly..I would agree at face value with @Robin Simon and your alluding to contact banks/CU's, but I can tell you credit markets for construction are tight. 

I agree that the fractional vacation rentals should not be viewed as investments -- I see them as a way to own a lake/beach house that you can go do a few weeks out of the year (depending how much ownership % you have). 

I agree that you shouldn't spend a couple of thousand dollars on an accountant if you have two small properties.

The true value of a home is what a buyer and seller agree too. 

Per https://www.ci.richmond.ca.us/DocumentCenter/View/61839/MNOI...Fair return defined Kenneth Barr method (MNOI) which the Courts have agreed with:“as the price controls are not confiscatory; i.e, they do not deprive investorsof a fair return on their investment.”  

I've never needed to do it and Florida may be different, but one party opens the escrow account, terms are agreed upon by both parties, funds are deposited, and escrows sends you the agreed upon amount every month.