If you like what you find, then I strongly recommend the paid program which provides great value for a very reasonable price. 

Since we do deals all over Florida, we're constantly adjusting based on supply and demand per county, but overall, demand in Florida remains strong.I agree with you.

@Scott Smith and @David Disraeli, I was informed that South Carolina does not recognize Series LLC, thus any lawsuit would follow state established LLC law, not necessarily that of a Texas-based Series LLC.  

To answer your question, it depends on the type of prepayment penalty you have and what the penalty is based on. 

You can make whatever offer you want to make based on your math and MAO, but don't lie them by falsely claiming that their property is worth less than X dollars in a market.

Did a "hard money loan" with family using gift tax exemption and trust as collateral (despite what Dave Ramsey says, my father and I have an incredibly strong investing and personal relationship).

Ideally you want to make sure it's near a major highway so tenants have easy access points to their customer base, especially with the trade type tenants like plumbers, HVAC etc.   

Regarding downsides, or perhaps good barriers to entry, saturation is pretty strong, good help is quite hard to come by, inventory has been hovering around 25 or so homes for a while (most of which are not STR material), and much of the recent cabin listings have been grossly overpriced.

It turns out the boyfriend has been charge with abusive behavior and has been issued a restraining order by the courts that essentially evicted from the home.Due to the fact they both did not strong credit, I had initially taken 2 months rent from them as security deposit, with the understanding that 1 month would be returned at end of 1st year lease if they decided to renew. 

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