Too many people face the nightmare of running out of money during retirement, a time when they are least able to reenter the workforce.

If SH was the place to make money, we would have bought there over the years.

FHA loans are fine (I just won one for a client in Bayonne and we just closed), but your agent has to be able to explain why to the listing agents who always think it's a low-money loan instead of an investor's preference loan.

Then do what you want with the money. 

I've heard that the Sarasota County is in need of money (and that's the reason AirBNB deducts taxes and directly passes them to the County) - how strictly are those rules enforced? 

I guess I should have been more specific in my post.I offered to put her in a cheaper unit and the truth is, she is moving in with her dad so that she can save money and buy her own place.

It also sounds like you are bringing skills to the table and not money.

Like any market, there are risks and you need to have the right team in place prior to buying a property or you could lose money.

A conventional loan with 10% down will not be an option for a car wash.I would first seek to find out if the Seller has plans for the proceeds, usually they need the money for something else.

Also, is no money down really something that is possible?