After investigating more, the terms on that listing was an all cash purchase.

If you ever get sued and want to use the business as a legal shield, having a separate business account that doesn't co-mingle with your personal funds will be important when it comes to the determination of whether what you have is a business or a personal hobby (though there are certainly lots of other aspects of this you need to investigate as well).

Also we need to keep investigating about how can the interest and expenses can be deducted from filing. if you can share some of your experiences would be great. 

Tom Wheelwright’s WealthAbility is a full-on SCAM with shoddy ‘business practices’ that needs to be investigated for consumer fraud!

Dewey and Mayer - property values there are a low for a reason - pollution from mining - EPA has investigated (https://response.epa.gov/site/...) and I have spoken with several residents who were told by the EPA to not allow their dog or children to play outside in the dirt due to high levels of arsenic. 

Once you form a plan and target the right market and property types you will be acquiring, you can start investigating the property management side of things as that will be determined by the former. 

Anyone have any insight on how to investigate something like that?

We can generally make the numbers work down to about $100k less land value, and lower if we're looking at a portfolio of 6 or more properties.There's a big difference between plugging some numbers into an online calculator that generates a report instantly based on statistics and a forensic detailed cost segregation study.

Crunch the numbers, do your due diligence etc....but don't be afraid of investigating the Orlando market. 

I have been investigating having cost segregation studies done to two STR investments I own.