This area seems to be increasing with popularity within the STR market so thought I'd mention to you in case you were interested in other parts of FL.

Not sure how long you have been around, but when markets soften, these types of assets get crushed because vacancy rates increase which causes condo fees to increase due to the amount of delinquency on the books.

The benefit is you can make an illiquid asset liquid & in exchange collect royalties from people buying/selling fractionalized pieces of the property on a secondary marketplace along with the standard price appreciation of the property.

However, we have to submit evidence for the voucher increase to happen.

If the new owner wants to occupy property, he’s just a standard landlord that lives on property.

The standard court process for enforcement is notorious to take forever, and given the history I doubt anything will ever change with them.

@Joshua PetersenCommence my standard first-time-investor spiel ... there's a lot to learn, but you're going to learn so much of that as well or better by doing rather than reading. 

my understanding that there is rent control as well and can not increase rents more than 7% a year for the same tenant.Just trying to see if there is a possibility to enter this market at this timeTIA

I wanted my first home as well has asset that will increase my net worth How did you find this deal and how did you negotiate it?

I think if it was a 3x2 I could get much more but unfortunately I only have one bath.One differentiator is that my house is in a better school district than the other houses I’m comparing to so that could increase the value slightly.