So when my clients work with me, I simply guide them through the process of originating their own loan (legally, in the states that allow it).

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

There are some legal considerations as well as practical considerations 1.  

I'm not familiar with the market or the legalities of wholesaling Florida.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Are there other legal or financial consequences I should be aware of?

It is legal and very lucrative in some parts of the US. 

Even though The Hideout HOA lost their legal battle opposing STR, there is still fallout. 

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

It is an expense, but they keep it all legal and compliant.