Recently sold my Florida home & now live in WI.

Purchase price: $9,500 Amazing lake lot, sloped lot, I would like to put a new construction home on pillars with floor to ceiling glass to maximize the view

I currently pay a sizeable rent in FL and would like to get a new home to convert the rent expense into generating value in a new property that will appreciate.

My first rationale is the smaller homes will attract the type of tenet I’d prefer compared to the larger home I currently own which would be larger families.

I’m about 4 years from retirement and regretting not venturing into this world sooner.I’m currently going back and forth on whether to focus on short term rentals in Florida (Destin, PCB) or long-term single family homes in the Birmingham, Al area.

High touch" and customer service from an "impression" standpoint might suffer but all else could work very well.Automated showings is easy nowadays.Automated maintenance and scheduling is fairly easy nowadays also as long as you have a solid vendor list.Also, have to "teach" the tenant from day 1 on "How to" use and do all of these things so on-boarding instructional manuals are vital.Just my opinion but I'm seeing the world of PM go heavily in the virtual direction.Well, at least the smart companies are doing it.Less overheads and a heavy reliance on tech and automation.Unfortunately, tech has let me down much less than people have over the years...I had an in depth talk with our team and we pretty much only need an office to hold keys lolEvery one can work from home with ease.Granted, they got use to the smell of my cigars in the office hahaIs smoking allowed in closed spaces?

I have found most investors are going the flip route with older homes or those that need work.

I have several homes in Jackson.

Here are some tips that may provide a little guidance:Understand legal requirements and zoning laws, some municipalities have specific rules about where these homes can be located and how many residents are allowed.

Visible dirt/dust on almost every surface, trash (including Q-tips) left on bathroom floor, toilet not cleaned, food splatter around kitchen, smudges on walls, windows and mirrors, list goes on...