Quote from @James Kiny: We are a welcoming group of investors -seasoned and prospective - looking to share ideas, talk over problems and celebrate successes of our group members.

Property to purchase would be a STR at $240,000 - so we would need the 20% down payment and we are looking at different options as the source of the funds.

We have lots of contacts throughout SWFL.

It seems to be tracking status of the areas, which if there's still momentum in those areas could help situate someone for future growth. 

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.

One tenant had a lease that has since expired but that lease wasn't triple net and the other tenant never had a lease because it is the family business but the lease is triple net.

Is anyone doing this?
I just started and would love to network!

They have all sorts of problems now. 

@Garrett Kula there are plenty of people who invest in the suburbs, and you can do just fine.

@Sam Chicquen, to be upfront, you're kind of all over the place.