Secondly, I would caution you to change that mindset, the military actually pays very competitively, it just doesn't show on your W2 because a LARGE portion of your income isn't taxed.

If all of the comps in your neighborhood have a garage, you may at least need to put up a carport to be competitive.

It's not a good model unless you are charging enough each time that you can afford to pay back 30% (lets call it) of what you are grossing and at that rate, you're not competitive with the market.

A tiny, tiny fraction of you are worried about being foreclosed on or running out of liquidity.About 3M people filed for unemployment last week.

Just look up your competition, check their calendars for price and availability, drop those details in a spreadsheet where you can play with things like occupancy rates to see what you could do with a similar property.

@Abdul MondolSouth Florida is a very competitive market; probably one of the most competitive in Florida.

My plan is to wholesale around my area first (despite the competition) or BRRRR the property.

Your seller might be fearful so you can use that to negotiate a lower price, and buyers are fearful so you have less competition.

Longer term rents and more competitive pricing I guess, making it slightly less profitable in the short term.

This would be a good time to re-look at comps and see what your competition is like.