Owners need to focus on their own careers and not try to be an expert / run jobs out of state, you all will get crushed, not speculating .It took me / us years to build relationships .Good Luck 

And, while this is speculation, I suspect that this higher-end condo is likely going to suffer even harder than properties like mine that are lower end.

Now, all this is speculation. 

I have always preferred to automatically have the leases go month to month after the one year lease has been fulfilled by the tenant..what i like to do is speculate a late rent penalty in my leases to ensure the rent is paid on time, and i'm never lenient..if they refuse to pay it, it's a cause for eviction since it's speculated in the lease..this always encourages tenants to pay on time..i hardly have problems..

Everything changed after the housing collapse though; as all the speculators were wiped out, and the new price points suddenly made a lot of sense for flippers and their new buyers.  

But if you step back and think about the original suggestion, "prior to selling my home, can you come remodel it for me and I will share the increase in value"; you're beginning the whole relationship on speculation.

I think those would be pretty lucrative, but I'm no expert and just speculating about that.

Thanks Mike,IMO investing for appreciation is speculating and much higher risk then investing for cashflow.There is much more certainty in basing decisions on the fundamentals of a deal as the numbers stand TODAY and not what they might look like tomorrow.Much success

I don't have the numbers, but I know that there is a huge amount of speculation in the Florida condo market.

Jake...paying that much money for the market rent is fine as long as you know you are speculating.