The only people who make money with this are the people who are selling the life insurance.In all of my investigations of this, it has never penciled out for me.

Cities with a diverse and growing economy can be ideal for real estate investing, as they offer more stability and potential for growth.Look at population growth and demographic trends: Investigate the population growth and demographic trends in the area, as these can also impact the demand for rental properties.

I recommend you investigate seller financing and "subject-to," both of which are discussed here on BP.

First let me thank you for understanding this is a STR and not calling it by the name of a listing platform.Second, investigate insurance prices for FL properties.

You may also want to investigate your municipality’s exact rules on who owns/maintains that particular space.  

@Sam Stolt...sorry for the real late reply....been on vacation :)If you have an insurance claim and the adjuster sees something that makes them question if something was done out of code, they may investigate it and if they find its was not done to code or w/o permit, they could deny the claim....they would have a good case to deny it.... depends on the insurance company.My own personal experience...... my own residence..... had 2 small room additions that we knew at the time of purchase were not done with permits, but were very basic and we had no code concerns...... 6 years after purchase we got a call from the city...wanted to know if we ever finished the work that had an initial permit pulled on...never got final inspection or approval....... turns out the original owner had started a permit for an "enclosed patio".... they then built full on room additions.

@Tony Gaultney price points can be enticing but vacancy rates/tenant turnover can be rough on investment properties, so its good to work with a great property manager on the demand and quality of tenants and job outlook to be sure vacancy and bad tenants don't swallow your cash flow...also be sure to investigate the properties to determine major capital expenditures needed in the first few years.

Thanks all- I was not looking for the benefits of a 1031 exchange but will investigate further (with an attorney if need be) regarding the land trust.

You should *definitely* do your own investigating before taking anybody else's insistence!

Local insights and networking:Utilise websites such as Realtor.com, Redfin, and Zillow to investigate past statistics, market trends, and real estate listings.When you combine the data from these phases, you will have a thorough understanding of possible investment locations.