. - I will ding their credit such that all credit cards and other debt will cost them more.- I will keep their security deposit for funds owed.- I will do my best to garnish future wages until their debt to me is paid in full.This has worked 100% time so far.  

If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.  

More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.

Both Fort Lauderdale and Pompano have fairly relaxed STR rules and regulations. 

I know that there are issues with any house, but it seems to us as if we have had way more of our fair share of problems since we acquired it.

Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

To me that is requires major compliments, and the review I posted is not appropriate.They really are going above and beyond in this circumstance and its not fair to them to keep this post online just because I wasn't able to reach them and discuss this over the weekend right after new years.PLEASE reconsider taking the post down.

If you gift a house, the fair market value (FMV) at the time of the gift applies to the lifetime gift limit—not the amount you purchased it for.