Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

well, there are gurus and wannabes that's for sure, but if everyone did some research they could figure that out and get the right people to guide them.

I’ve used this strategy on multiple properties, and it’s worked well for me.

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

Most hard money Lenders can't give you final approval without the property because they do an analysis to determine what their risk is. 

Well...they can, but they would be lying or just plain wrong!

Noise ordinances as well.   

Petersburg for over 30 years, I can attest that the last two big hurricanes caused significant damage, but they were the first in a long time.Condos and townhomes tend to perform well, especially if they're located on the Intracoastal Waterway or within 3-5 miles of the beaches.

You send me your contract, entity docs, id, I'd need your social, your phone number as well. 

If you’re focused on long-term wealth and passive income, holding onto the property could work well.