The area has certain advantages like shelter from regulation risk (pretty much as low as anywhere in the country if you buy in the approved STR tourist zones) and long term security (people aren't going to stop going to Orlando anytime soon). 

My concern is that you seem to be out of country.

One block will be beautiful with bunch of new builds, next one 500ft away it’ll seem like you’re in a different country.

I'm not sure where your market is but I could help look at land costs. we are trying to educate building to rent or building investment properties as a new strategy to just buying the garbage new builds around the country. this fits on lots as small as 3500 square feet. you'd have to check local zoning but if I had what you had that's what I'd do or at least look into it. 

I have a daughter at MSU in Bozeman so I love your part of the country.  

If you've got to ask a question on an online forum about managing an out of state or out of country renovation, you aren't ready to do this on your own.

New Jersey is one of the least landlord friendly states in the country - FACT.Liberal policies are not friendly towards landlords- FACTNew Jersey is a liberal blue state - FACTI was nice in my original post.

As a result, the country's tourism potential is totally underexploited.

Aishan,Detroit is one of the best markets in the country but you have to know what you're and you have to work with people that have your best interest at heart.

Some of the most expensive and difficult properties in the country (and world) to develop were vaporized into potentially un-developable lots.