The owner took the back end profit for his park during the life of the POHs now wants to cash in again.  

Most of the homes we built on these lots sold at a profit, but a couple did not, again, because of the reasons above. 

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

You manage the headache of guests and communication, cleaning, etc. and he provides the property, but shares in the expenses and profits.

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

To get things done as quick as possible , charging by the hour cost the contractor money , charging by the push/inch  is the most profitable way to do snow . 

If you find something that works well as a short-term rental, but doesn't work well for you as a home, you'll have money but be dissatisfied when you live there.You don't even need it to produce a profit.

@Jay Hinrichs exactly the risk is even more than traditional development and the profit is actually less with more operational headaches.

A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.

This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.