Hi Julianne, Investing in rental properties near a beach in Florida sounds like a great idea, especially if you're looking to combine investment with personal enjoyment during the winter months.

You might also consider maintaining a certain level of cash reserves to handle maintenance/capex as needed.The general point the author is emphasizing is that to reap the benefits of compounding you must reallocate your cash flows into the same or other cash flowing investments rather than spending them on discretionary expenses.

The seller was the most lazy person I have ever met.

LLC is more based on protecting personal assets from business liability.

I don't have personal experience with it though. 

Have had it happen in personal houses before, it was usually due to humidity in cities with high, high humidity. 

If this area interests you @Angelo Proto, he would be a great person to reach out to.

The seller needed to sell quickly due to personal reasons, which allowed us to negotiate favorable terms.

How do I go about asking the tenant to move out so I can use the unit for personal use? 

:-pI don't think it would be worth it, personally, unless your end goal was to relocate to Spain.