I have flipped houses strictly as the investor.

Going to wager dude didn't get them for not paying rent.

Every market is a bit different, but sticking to what you would be desiring as a guest is more certain to hit than going based strictly off value.I find it ironic how vast the differences are between STR and LTR. 

Anything over 4 units is commercial where DSCR usually goes up to 8 Max in most cases after that its strictly commercial or SBA.

I am a strictly ground up developer.

This leaves a margin to cover holding costs, financing expenses, and still achieve a desirable profit.Here's the formula:Max Purchase Price = (ARV x 0.7) - Estimated Renovation CostsKeep in mind that this is a guideline and not a strict rule.

Just make sure you don't rely strictly on the numbers, because they don't always tell the whole story.

That seems like a strict requirement of needing to keep the home for a year to use the owner builder direction, but I would confirm that before fully going forward as the GC. 

Rentals may be tricky considering the strict state laws. 

I've heard that the Sarasota County is in need of money (and that's the reason AirBNB deducts taxes and directly passes them to the County) - how strictly are those rules enforced?