These tend to have higher profit margins as compared to other real estate options and the land comes with the purchase unlike the laundromats I was looking at whose facilities were leased.

To add: you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.  

Since interest rates have increased I have begun to use the Land Trusts (LT) for buying Sub-To. 

What is not priceless...is the house and land required to experience that moment (especially for young newlyweds in DFW!)

Maximize cashflow via STR (hoping to get 7-8% net)Second question, with these goals which would be the most attractive area for such an investment: Miami Beach, Miami Downtown, Brickell, Midtown.Thinking of getting 2 condos (1 bd or 1bd + den) ~$750-1M eachPayment structured are usually 30-40% until project is completeThank you find undervalued land and entitle it and capture the delta of underpriced land. there's a lot of sites that are underentitled.

Do you have extra land you can divide and pay down debt?  

About 40k more can possibly land you a two family but would also need some sweat equity.

I had finally landed a great job making great money but still barely getting by.

I own the land with a mortgage (owe about 225k out of 287k) and am living in one of these units.

(I bought it 3 years ago)I'm trying to see how long in the future I will need to do another gut renovation, so I can start saving up some money toward it.Things are in pretty good shape.