I’m based in Tampa and run Graystone Investment Group, focusing heavily on helping (out of state) investors find and manage properties here in Florida.Totally agree on the importance of understanding those short-term rental rules in Florida—each area can feel like its own little country with all the different regulations!

I'm a CRE attorney based in Nassau County although I frequently work in the boroughs as well.

For example, an algorithm can't compare a property that charges a flat fee for utilities vs one that charges based on use. 

In many cases - properties sell for MORE if there is a vacant unit (especially if it's ready to rent) as you can market the property based off market rents as opposed to lower, inplace actual rents. 

I'm more than happy to take a look at the adress and give a Rental estimate based off the current Market if you'd like, just send me a PM!

The previous owner who was planning to make a pet hospital had some of the drawings and plan done on this old building.The previous owner also had no plans for addition or extension of the existing building since it requires zoning of a plot which is more time consuming process based on the feedback I received from county and a couple of civil engineering firms that I reached out to.I was provided the following list for civil engineering work.Pre-construction phase1.

They are either speaking out of their limited experience or claiming something is legal or illegal based on personal preferences. 🤓🧐  thanks  Scott:)

But based on my personal experience you won't cash flow with a DSCR loan on a SFR rental.

Based on your description, it sounds like you would violate the self-dealing rule and could put your SDIRA at risk. 

This is not a one size fits all answer, but bad debt is non-asset based or depreciating assets - , credit cards, medical, buying dumb stuff.Good debt is debt used to make or grow your portfolio.