It doesn't sound like you visited the market, the PM, or the seller in these markets.

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

I'll give you some numbers for the MTRs we manage in Los Angeles.1-2 bedroom MTRs stays are 1-3 months3+ bedroom MTRs stays are 3-6 months, but often start less than 3 months and extend their stayMTR marketing falls in 2 buckets.

The sales and rental market in SWFL is absolutely terrible.

Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

Pending property prices in your market perhaps $25,000 is enough to buy a small rental house.

It also does NOT pay more than market rent.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

That's the nature of the market in 2025.

I suspect you are in a much more affluent market than I am.