This is because you can theoretically knock that one out sooner, and then put even greater force against the next highest balance until you've eventually got them all paid off - which is a great goal.

But, moving forward, while I'm still contemplating property in Florida, I'm thinking out-of-state investing (Georgia and the Carolinas, in particular) will be a better play for my investing goals.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

Really depends on your long term goals.

So the goal would be to have it rented during spring, summer, fall..and maybe I'd use it for a month or so during the winter to escape the northeast.

My goal this year is to establish myself as a multifamily property investor with a 2-4 unit property. 

Now, if your goal is to build a nice net worth, then I would explore more expensive markets like Southern California, Seattle, etc.

But net worth is not the be all and end all goal.

It seems to me that if you are running a MTR it will be common to have a month or more vacant between renters.

Ultimately, the choice will depend on your goals.