Both Orlando and Tampa offer strong rental markets, but your choice depends on your goals.

Furthermore, how important will be to have one of our team members providing oversight of the development process and what level of oversight is needed if the first option is selected.

My conclusion is that take the provided ROI calculations from REI as purely estimates.

Your input is truly guiding my next steps, and I’m grateful for the direction you’ve provided!

I'm going to say it depends on what your intended use is for the space.

Happy to answer any questions or provide you with some resources. 

I can provide support of checking in on contractors, staging rental properties, walk potential leads to give you an idea of the property in person or what the area is like, meeting with agents, and drafting scope of work for projects. 

Hi Saul, it depends on what you're looking for - cash flow or appreciation?

If you sell your only overachiever to go with a more leveraged position, you could have 2-3 properties that may cover themselves or even provide a little profit, but when the rental markets shift (and they do), now you have 2-3 properties that all require you to supplement for their shortages. 

It also depends on how you hold your properties; LLC, S Corp etc... as to what the agent will recommend.