My property is in a depressed area walking distance to the largest employer in the area which is a shipyard. 

I can’t comment on Destin but I’m in Marco Island.

Consider Dauphin Island, Alabama. 

@Kobe CarrIt's one of the largest markets in the US, and if it's your backyard, then I would defintely start thereGino

The largest argument against DSCR is the rates are higher than conventional. 

Besides your rent, your cleaning fee should be the largest expenses for your normal operation.

There are seasonal dips in income here on the barrier island of E Florida. 

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

I trained and set up the same type of seller financed side for the largest home builder in the state.

And in second, setting up a "plan Z" where if all else fails what does get "burned to the ground" is replaceable, and the wealth center is protected on it's "asset island".