A lot of my clients buy in Alexandria because of the strong rental market and laid back laws on short and midterm rentals. 

Diversity is great, but the fundamentals for real property are too strong in my opinion. 

Sounds like you are in a pretty strong financial position.

Most of the easy "lipstick on a pig" transformations are gone - you're often looking at more serious rehabs to make the numbers work.That said, we do have some advantages: strong rental market (lots of students, young professionals), still relatively affordable deals, and good appreciation potential in many neighborhoods.

Focus on finding a replacement with strong tenant screening processes and performance guarantees.

People who makes payment on time and every time understand the importance of building a strong credit profile.

It seems, obviously, that the method is strongly focused on the refinancing of the property post rehab.  

It has a strong potential for cash flow.

I lost nine pounds during the remodel and at the final week of work, I fell face fist off the ladder and was knocked out and suffered fractures in my face.

The Port Charlotte duplex...given it hasn’t suffered hurricane damage...could command a pretty penny on its own.I recall reading a piece in Forbes that suggests certain Florida markets could remain strong for years, which might help you gauge whether now is the right time to sell.