Basically what I'm talking about is cash reserves, or a tappable cash source to weather out the storms that come with the ups and downs of the market over time.Just my 2 cents! 

Resist, go to jail.Some guys are using this as a preventive measure. 

I can see how an application fee per person can be a deterrent for applicants in my case whether for more upscale rentals people may see it as more normal.I am starting off as a non-refundable fee and measure the resistance, then adjust if needed.

Here are some reasons to get the ball rolling:Thriving Market: Florida's population continues to boom, fueled by warm weather, a strong job market, and a business-friendly climate.

I wholeheartedly believe in the end you will come out ahead, but you must be prepared to weather potential storms with the strain of limited to no cash flow, which can be challenging. 

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

Beautiful beaches and weather, with great fishing and local food.

It appears to be a means to an end and the path of least resistance (somewhat related to number 1).

🥢🌦️ January Weather in VegasHighs: 56°F–60°FLows: 38°F–41°FHistorical extremes:Warmest: 77°F (Jan 26, 1975)Coldest: 8°F (Jan 13, 1963; Jan 25, 1937)Average January precipitation is just over 0.5 inches.

Whether or not you believe there will be drastic changes, we are already seeing increasing weather events with unusual patterns like the hurricane that whipped through Central (Inland) Florida in 2024.