The market has shifted a bit and going forward you will need to be buying "off market" to make any money.

It is easy to finance, easy to rent, and appreciates with the market.  

Networking, Valuation, and Market TrendsBuilding a robust network is essential for thriving in the competitive land investment market, particularly in high-demand areas like Paradise Valley and Scottsdale.

Purchase price: $485,000 Cash invested: $100,000 Originally on the market for $700,000.

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

How ‘hot’ is the market?

I’m defining general light work as plank flooring, painting, minor electrical, etc..For example - is it fair to estimate flooring labor as $3/square foot?

Hey Konstance welcome to BiggerPockets I'm fairly new as well if you ever are in need of some property maintenance services such as house washing, or driveway cleaning for your future investments I would love to connect with you. 

Looking ahead to my next project, do you have any advice or resources for finding off market deals? 

With the season in Sarasota County considered November - April, what is the best way to market the property as a Medium Term Rental (at least 30 days)?