Im of the option (and it’s purely opinion)  that the only play right now in most of my market is appreciation.

Panama City Beach has options in those price points with great appreciation producing 250-350k gross rentals in that price point. 30A is purely appreciation in comparison to the cashflow you can generate in Panama City Beach.

For example, let’s say I find a duplex and after all expenses I’m left with $200 pure cash flow per unit.

@Wilder Osorio, cash flow on your own primary should never be viewed in the same way as cash flow on a pure investment.

What can you get with the account and can you draw income from the asset or is it purely interest for your retirement?

From a purely financial, pragmatic point of view, in my opinion, anyone with any reasonable level of assets would not be well served going this route.

So at my cost of $27,000 for the conversion I figure purely monetarily it will take me 2.5 years before I just start seeing more money in the bank every year from now more heating costs.

In choosing such a property in such a location, I know this is purely a cash flow play (and guaranteed rent by Housing Authority) and I don't expect any appreciation at all.

Today, a different story,  someone ignored the warnings and anticipated the change and today sit on pure gold.    

As far as the return from a pure investment perspective, after one year, it would make me look very smart.