My biggest advice when designing a vacation rental is to truly know the daily activities, habits, and needs of your target guests.

As active realtor, and investor I get a lot of people approaching me who want to invest. 

In your scenario, claiming that $117k depreciation deduction could lower your taxable income from $700k to $583k, which is a huge benefit in the short term.As for the RE pro status, if one of you becomes a full-time real estate professional, you can potentially offset active income (like W2) with passive losses from real estate. 

I'd love to connect - I'm licensed in AL and actively work with Foreign Nationals, I am working a portfolio deal right now for someone who also lives in Israel. 

Beautiful weather, outdoor activities, and a vibrant culture add an extra layer of appeal for both residents and investors.But Florida isn't a one-size-fits-all market.

I've been in the investment space almost 9 years now, and been actively investing in flips myself, the last year.

Active investors absolutely have ability for higher returns, but at some point it does impact your primary job earning power. 

Otherwise, you should be more active and flip homes or develop ground up which is far from passive. 

The priority is consistent recommendations from active investors.

This seems like the most active Portugal string.