@Martin NestaI don't have much info for you - but I do know the 'nature of the beast' I can share with you... perhaps something will help...Most property tax "just values" in Florida - the value they say your property is worth - are intentionally set about 15-20% below market value.  

Purchase price: $472,500 It is currently operating as a short-term rental.

The HOA fees have doubled since I purchased them (plus assessments from insurance and hurricanes etc.etc.) but I still find them great.  

My business partner and I have full time jobs and have fully funded our first purchase.

I actually moved here from Portland OR and purchased my own rentals - all clean BRRRRs and hit the 1% rule.

Why do you think purchase contracts are so long and have such small print?

Your intention is that you will occupy the property at some point during that first years. 

FNRP purchased two good size retail strip centers in my local area and put up signs saying it is under their management.

How did you decide on a fair purchase price looking forward a year of two?

I work with The Short Term Shop and they specialize in helping investors purchase and learn to run and manage their str's.