Trees can't grow to the sky hahaThose several towns you mentioned - as both a buyer looking for a place to live several months out of the year and then turn into a rental for the unused months - are good spots for exactly that, correct?

I have 8 units in Albany and 2 units in Valdosta and I am considering on not purchasing anymore in Albany for all the reasons you just mentioned.

Like others mentioned we'll be underwriting you and the builder.

@Trent Reeve mentioned PCB which is Panama City Beach.

Like everyone has already mentioned, I think you need to sell that property. 

My girlfriend mentioned that it was sad if the current tenants wouldn’t be able to stay there.

Not to mention, they are not legally able to perform any of the duties or services they accept payments for.

I am also finding that as you mentioned part of the learning curve is knowing what a particular state's law is.At the same time, I have in the past found paying some money for a course has helped me to learn and take action more quickly. 

FHA will also not loan on the house mentioned above because they estimate that the repairs could be in excess of $5000.

I searched the forums and didn't see a mention of it.