People even do this in Vancouver though it must be extremely challenging.  

Whether you're looking for short-term rentals, long-term rentals, or fix-and-flips, Florida has something to offer.Favorable Tax Environment: Florida boasts no state income tax, making it an attractive option for investors looking to maximize their returns.Year-Round Appeal: Unlike seasonal markets, Florida offers consistent rental demand year-round.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.

It sounds like you navigated the challenges well and gained valuable lessons for your next venture.

The challenge with S8 in this scenario is you always have a piano over your head and all a tenant has to do is call the code office to create an issue for you. 

Holding is currently challenging. 

so - tough environment. 

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

Hi Jonathan,Congrats on your first big renovation deal—it’s an exciting challenge!

A cosmetic rehab is still quite a challenge for the first time.