Checks all your boxes; scenic neighborhoods right next to or near the water, the expansive centrally-located shopping/dining complex Coco Walk is nearing the end of it's massive reconstruction, huge new luxury condos just built right across from the marina.

Then gradually, I can do the reconstruction of the house when I have time.

I bought my first home and done major renovations to it as far as getting a permit demolition and reconstructing everything from the ground up.I have three questions:Do I refinance then rent or rent then refinance?

This duplex is being reconstructed due to a fire.  

@Mark Kuta you definitely want enough to cover the reconstruction of the property.

While they are not technically required (there is strong court precedence that taxpayers may reconstruct mileage from calendars and receipts), the IRS often disallows mileage without contemporaneous records in its entirety during audit or examination. 

That can include burning, pulverizing, or shredding paper documents and disposing of electronic information so that it can't be read or reconstructed.

I called a few restoration companies today that are full service gutt, remediation, and reconstruct so I could get an idea of what the numbers could possibly be.

I know a great contractor that specializes in restorationGreen Restoration & Reconstruction - https://livegreennj.com/

in some instances you can get a bridge loan that is interest only that covers the rehab and reconstruction and for a period of time. interest only can be a plus if you are working from cash flows and need to reposition units. after the bridge loan then you refi into a permanent type loan.