It's a loophole, and it will eventually close, everywhere.Any property I buy going forward that I plan to hold long term I will only buy in areas that are already extremely strictly regulated for STRs. 

Be careful; the rules for qualifying for a real estate professional are extremely complex - it is an area of the tax code that many practitioners and even judges (tax court cases) have gotten wrong.

Market is crazy right now with multiple offers on most buildings that are priced right, so definitely a great time to sell!

I've even made an offer on a distressed property in my last trip and had a great experience negotiating and trying to workout a deal.

Waterfront homes, particularly those with Gulf access, can command higher prices and potentially higher returns on investment.3) Tourism and Vacation Rentals: Cape Coral's proximity to popular tourist destinations like Fort Myers Beach and Sanibel Island makes it attractive for vacation rentals, especially during peak tourist seasons.4) Affordability: Compared to other coastal areas in Florida, Cape Coral offers relatively affordable real estate options.

I made the owner a lower offer and asked for 25K back in credits.

Has anyone offered all cash then immediately refinanced to get the cash out? 

You can filter by type, size, location, and development stage to pinpoint areas with upcoming projects.News and Research: CoStar offers a news section with articles on recent and upcoming developments.

And get a meeting with them and explain your situation and offer a payment plan..

They offer day and night classes during the week and on weekends.