We looked into getting an STR in Cape Coral (we have one already in the Virginia Northern Neck that is performing well).I don't think that area would be a good investment choice for STR based on what I saw there and in surrounding counties.

They are big burly guys with neck tats, they smell like diesel fuel, drive jacked up 4x4s and chew tobacco for breakfast. 

Also @jim k is in your neck of the woods is a very good resource for realistic expectations of managing C class props in your area. 

In my neck of the woods, what I described is a double closing and we also call the same thing a simultaneous closing, what we are also talking about are back to back closings, I know gurus sliced up transactions with names, where the property owned by A in about an hour ends up being owned by C or the end buyer.

@Elliott ElkhouryHey, you're in my neck of the woods!

The daughter is a albatross around the mothers neck and it is highly likely the mother will leave, the daughter will stay.

I know that we could just walk away, but this is a pretty nice deal, essentially a quad in a nice area of town, which is not too common in our neck of the woods....and besides,  I would like to know the answer anyway so that next time we don't make the same mistake, if indeed this was our mistake).

There is nothing that this tenant has done that merits you sticking your neck out for them any longer.

@Tom Volpe - I can't speak to Nassau County, but I know that it can be done in this neck of the woods.

If 80% of today's renters aspire to be home owners within 5 years, then why are your employers buying apartments at break-neck pace...and with a 10-year horizon, none less?!