Hope life and business is going well for you.  

There are plenty of transient markets in Florida where the supply of median home priced properties can cash flow well but it would make no sense to purchase a luxury property in that market. 

This will help you to build your systems out as well.

Here is my situation:- I'm a W2 employee that earns north of $500k a year- My wife is a stay-at-home-spouse- I'm looking to buy ~ $1,000,000 in STR Real Estate by the end of the year (as an investment and to offset my tax bill)I'm fairly well versed in the rules surrounding using STR to offset active income.

The security deposit should be paid upon closing to you to hold as the new landlord because you inherit those tenants and the lease should be signed over to you as well at closing.

A few days ago, I said, "When I look at social media from people who are doing it well, they are always teaching."

This way there is an incentive for the contractor to work well but quickly.

I invest in the area as well and would love to connect!

The property we invested in is in Texas, and we feel it has not been well-managed. 

We look forward to learning more from all of you as well as sharing our knowledge from success to mistakes...