I'm wondering what people's thoughts are on the area, both as a rental market/cash flow, but also the chances of gaining some appreciation there if/when things improve there.It does look like there are some relatively reasonably priced (In terms of the average cost in Miami these days) properties for sale there - both single family and multi-family.

Recently a number of guests have just stayed late, up to an hour, so I implemented a change to my house rules to charge them for every 15 minutes they stay past their check out time. 

If I own the pharmacy, I have:Rent - a premium, high-rent payer,Credit – tenant has great credit,Building - vertical improvements in the form of the building,Site Improvements - in the form of a parking lot, curbing, storm controls, etc,Zoning – I own real estate zoned for a broad variety of commercial uses, andReal Estate - I have a great piece of underlying ground on the hard corner of a signalized intersection with the highest traffic counts in the area.There is a market for this type of product.

If they see the condition improving, they may well be happy to pay a bit more OR decide to move on their own.It won't necessarily be an easy process, but you have a lot of options.

What are the exact rules here?

Not sure how they plan to enforce the 90 day rule because I am told airbnb will not release that info to them.

I know the rules on syndication is very complicated and very specific but I don't know what constitutes the difference.

If your biggest thing is safety, I'd talk with the neighbors, and tell them you'd like to build additional safety measures and improvements on the portion that's your land.      

That's why the 10 loan limit rule doesn't apply.Conversely, portfolio lenders do not sell their loans to Fannie or Freddie, so the 10 loan limit rule doesn't apply here either.

Read up on the 50% rule...with vacancy, maintenance, Capex, etc you're losing money even with it rented at $1500 per month.IMO I would pass because it's not a good deal to start with, sorry.