I had no idea how hot my local market was so we agreed to a certain price in which I figured I was going to make way less than I potentially could here.

C/D Areas is incredible difficult A is a no brainer. 

STRs are red hot in the Tampa Bay area.Little but about me, I have personally owned, designed, renovated 16 homes in Tampa in the last 3 years.

Then the majority of the rest of the income should go to your company because you have really created the ongoing value that drives revenue to the property.The exception can be when and owner or developer has painstaking developed an incredible product they are entrusting you with where you don't have to do any of the initial set up and can more easily take the reins on ongoing operations of the property.The best property managers are picky and often turn away lots of owners because they understand they have a brand to protect and because they know they bring a lot of value to the real estate owners or developers.My goal as developer and investor in this niche now is to create an incredible product to hand off to professional high end manager that knows how to be host to guests and is hospitality focused.

There are non-tax considerations, especially so in the current environment.I'm hearing from my clients that it's very difficult to get contractors on the job and they're charging an arm and a leg because they all have an incredible backlog of work.In the current environment, I'd say the less risky path is to acquire a property without deferred maintenance and do a cost seg if it is beneficial.

@Alexander Yates thanks for the feedback, it’s definitely still a hot market and cash buyers are growing by the minute.

For instance, I did a parcel split recently in Pinellas County that took about one month to get ready submit to the county appraiser's office, one week to get approved (incredibly fast and smooth because all the necessary prep work and staff discussions were done in advance), and then one more month to be fully updated and reflected in county records; the approval noted the parcels resulting from the split met the minimum zoning requirements and could be considered buildable parcels, and imposed a restriction that any subsequent splits would require full subdivision site plan and platting.

I warn my tenants not to use bleach on the quartz or put hot things on it, just to make sure. 

If you are looking to invest into real estate, I have found this site to be incredibly helpful.

The "new hotness" are these handmade super gloss wavy tiles that have a name.