Make sure there are no rules against non-owner occupied STRs in Marco Island with a quick google searchWhat are the comps?

Do you have to have the property rented before they will list or will they sell un-occupied properties?

Purchase price: $280,000 Cash invested: $14,450 This unit was purchased as a trust sale, and has since been remodeled, we currently occupy the unit.

Is it occupied?

What's 10x super cool right now is I am getting clients low money down owner occupied convectional no max income restrictions, as low as 3.5% with zero PMI

Gift of equity, when selling to a relative, can be used in lieu of a down payment.HOWEVER, conventional lenders do not wat to be an interim lender and thus the intend would be to occupy the home.PM me for gift of equity idea if interested.

There could be taxes, liens, a first mortgage on the property… the property could also be occupied (or burned down) and if occupied you would have to go through a lengthy eviction process.

You can also be a series Primary residence person and upgrade and rent that way you can still get a 5% loan when you move up and get the owner occupied interest rate.  

Fully Occupied with all leases continuing through 2022.Open bid: 300,000; NOI from seller: 35,000 while self managing; Cap rate... unknown?

There are no inside pictures, but it is fully occupied.