Setting standards just to deny people is BAD practice, BAD business, and ILLEGAL.

You can also own a handful do quite well.

I am heavily looking into the Tampa area as well as the Cocoa Beach area.

This will free up cash flow by reducing the high-interest payments.You can also refinance your rental to cover the $40K balloon and possibly access additional equity, but avoid selling the rental since it's cash-flowing well.

I know that area well!

To clarify, I was wanting to set this up as a land contract instead of a novation.

You might have been able to get the tax sale cancelled in not, but at the same time you might have made out just as well the way it played out.   

We currently have 2 of our own and our guest house tenant keeps 2 here as well.

Well, you would then need 17 properties in your portfolio that met that threshold.It can definitely be done. 

Open to some commercial as well if a deal makes sense.Welcome to BP, and always glad to hear another member joined from Daytona!