It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

You could create an operating agreement granting one of you the powers - but it is a fair amount of energy/time/activity for someone to manage and find deals.

Also@Jed Butikofer as@Christian Chartier said, this area has great potential for investment.

See below:Survey (8-10 weeks) Request Permit Prints from Design Team (4-6 weeks) Site Plan and Septic Design from Design Engineers. (6-8 weeks) Need survey back to start designs as this is site specific Energy Docs (1-2 weeks) Need plans from Design Team to make request.

It will cost the seller more time and energy to sue you than collect on the EMD.  

Always smart to see the bigger picture and future cash flow potential!

Raising up to your full potential as a father, husband, and provider will serve those around youJim Rohn says it this way when he asks the question, “How tall does a tree grow?”

Leaving stuff unresolved, with anything, especially divorce, is an energy vampire that is always hungry. 

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?