Currently, Cape Coral's inventory, new listings, etc are on the decline again.As @Bernard J. implied, I would take a sizeable tax hit if I sold immediately, but again there are a lot of market conditions at play. 

And virtually all of them had owned rentals and maybe kept a few but were just tired on the TTT but wanted monthly cash flow . so there probably is some of that at play as well Investors that dont want to deal with the PM aspect of owning RE..

Depending on what you want to do and what role you want to play, would depend on how you should go about it. =)

Your guys' agent should have slapped him around a little and nicely informed him that he's nuts.

@Steve Crisp There are a lot of variables that go into play as to whether you could benefit from a cost segregation study or not.

I am far from an expert in this field as I have been learning alot myself but cap rate does play a role in your type of business.

Your property manager will play a key role in this team, helping you maximize occupancy, maintain the property, and ensure tenant satisfaction.

I see it as most people are so wore out from being at the parks all they that they pass out and get up early to do it again.I don't even turn on the TV when I'm there.Kids have tablets to watch their stuff and play games on.

I love the Smokies as a long-term play.

If you’re looking to build long term wealth, accumulate assets, take advantage of tax code, and benefit from appreciation, then play the appreciation long game.