Destin is a great spot for house hacking—tourism is strong, so renting out part of your property could help with the mortgage.

Quote from @Aldo Valeriani: Hello everyone,I’m relatively new to real estate investing, and this is my second fix-and-flip property.

The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

Todays standards are far different as you know..

After that make sure you have your property up to standard before placing a tenant.

I also think of property locations and property conditions having different classifications. 

With thousands of members owning 10’s of this quads of properties.

Example. $200K property needs to rent at 1.5% for a minimum of $3K per month. half of that will go back into property expenses. 

@Fulati PaerhatiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

(eg, if your lot is not the standard 25 x 125, but some other multiple where the width is actually skinnier than 25, and the lenghth is longer than 125, and you want to reduce side setback requirements, eg.)