Hey Dave, I'm in the same boat you're in.

This place is located on the intercoastal and is across the street from the beach and has boat slips available.  1/1 sleeps 4, 735 sq ft.  

I'm in the exact same boat but I'm relocating from MD.

I am in a similar boat in utah. 

I was in the same boat as you- I thought I can get a property manager to take care of a multiplex that was priced lower than your amount, but the PM mentioned how she wouldn't even feel safe to walk in the neighborhood after sunset.

I am in the same boat as you.  

I see no reason why you could not do something similar.You, like I, was skeptical about getting started here in Denver with investing based on all the magical stories I read on BP about low price points and boat loads of cash flow in other areas (the prices make me salivate), but I after researching the market and learning more ways to get started with investing here, I am sold on the opportunities.  

In the years to follow I bought several other rentals and found myself highly leveraged going into the 2008 down turn with a boat load of debt.

And just in case anyone is in the same boat, I am currently looking for buy and hold MFRs in the Tampa area.

I'm kinda in the same boat man.