@Joseph Mceneaney, Orlando is the single most visited tourist destination in the entire United States with 68 million visitors in 2016 alone.

They don't have a suitable property, or one that they like as much, if they had to do a 1031 tax deferred exchange to replace their property and avoid taxes.  9.  

If the market is strong and you can find a suitable lot that's zoned for multi-family, there may be a good opportunity to build.

It is a winter visitor haven too.

Vinyl plank is what is going in most new luxury apartment communities in the area and is more than suitable for the Woonsocket market. 

(If you are doing a HML you will have to pay some loan points and depending on the terms if you are using a PML you also might have loan points)What about the closing costs when buying the property it seems you left those out, but correct me if I am wrong but for the price of the home you are buying and selling 20k for both the purchase and sale of the home seems a bit lowAs for your rehab budget, I would say you are almost on the money I would say 85k is a good budget to go by which is about $40 per sqft plus extra for that roof and possibly some pest controlAs for your realtor giving you the ARV of 600k, I would ask how she/he got that number and ask for her/him to send you the comps she/he got so you can make sure they are suitable comps.

The simple answer is to start posting apartment for rent to find a suitable replacement immediately.

@Jesse Flores,The short answer to your question is only two words: "Property Analysis".The longer answer is to get educated on how to analyze properties and determine a suitable strategy for any given property.

My question is in regard to what the government secured loans define as suitable.

If I cannot find a suitable place to move to should I just keep my current home or should I find a cheaper location to rent (2000 vs 1300).