The accouterments of the land could be depreciated, even though the land could not.Or say you owned a surface parking lot, the asphalt could be depreciated though the land itself could not.Or at an apartment complex, the swimming pool, tennis courts, playground equipment, and other improvements could be depreciated though the land it self could not.Somebody I know owns land under a national chain hotel.

Does a home in a gated swim/tennis community such as Watersound or Kiva Dunes rent better than a one off on the beach?

There goes 3/4 of my day. 5:30pm, I hit the tennis court and probably won't be home till 8:30pm. :)

I currently work for an apartment management company and I’m about to go to Champions Real Estate School for my real estate license.

I would suggest using Champions School of Real Estate.

Its a end unit with a nice view of a pond and has tennis courts ect.

HOA fees provide as follows: Water, Heat, Gas, pool, common insurance, scavenger, landscaping, elevator, tennis court, basketball court, parking, storage, laundry, clubhouse, snow removal, exterior maitenance, security door locks. 

Ive enrolled with Champion School of Real Estate and starting Real Estate Principles I today!!

As this is a very small house, there is no cracking on the walls or ceiling to indicate this issue inside, nor is the floor badly sloped so you can tell without using a level (the rooms are small), and now I wish I had crawled on my belly into the very low crawl space prior to making the offer or at least brought a tennis ball to see how it rolls.

., (I don't know too many champions that arise from the dead like this after being hospitalized besides 'opprtunitists', Florida is home to an extremely large 'addicted' population,  and @Jay Hinrichs has been named in a fraud lawsuit (Just google his name and fraud).As I stated, just trying to keep people honest.