I was going to run an STR in the home and he would enjoy a higher rent than from a regular LTR rental AND he would have the property managed too.All was going beautifully.

This could save thousands, but might add so much red tape that it may not be worth. 

Do you think this storm will cause prices to finally decline in the once red hot short-term rental market in Florida?

Do you prefer to have an open "application period" to collect applications and then make a decision based on the "most qualified" or do you take the first qualified, even if on a personal level they put off some red flags.

I am worried that my property expenses will leave me in the red because of the current costly housing market.

Thus, leaving $60,000 available for the note holder to claim.I did not sell the note to Ben (who offered me $30k for it which again another red flag).

Are there red flags I should be looking out for?

My name is Delmar, I have a lovely wife and 2 beautiful children under 3 years old.

I went to the property and some other red flags came up.

The post below has a link to it if you’re curious:https://www.biggerpockets.com/topics/693527It was my attempt to model the key financial incentives for REI, which members have mentioned above, like inflation protection, capital appreciation, tax benefits, equity build up, and of course the beauty of refinancing.If you’re familiar with project financing you’ll know as value of real capital appreciates regearing will boost returns quite significantly.