Guys,I have a couple long term rentals and was interested in maybe diversifing into a vacation rental next.  

We were out of town on vacation when I wrote this.

There are flipping opportunities in PVB.Good luck and enjoy your move to Florida!

Now that you have exhausted your Low Down Payment Options (Portfolio-Conventional and FHA) you will need to use a Standard Conventional Loan and put 20% down to get your 3rd Duplex.The sky is the limit...you could continue to buy properties and build an empire or just stop there and enjoy more free time...I have friend who quit his job and just manages his properties now.Be alert, if you time it right you might be able to get down payment assistance/grants (I got $5,000 from a local program and used it to buy my interest rate down to 3.125% which is way below typical market rates for a Duplex).

Enjoy the process! 

Usually, more supply comes onto the market, while many potential buyers are away on vacation.

Well I just closed on my second deal and figured I would ramble about it here and hopefully have others enjoy the read.

I have owned an out of state rental (vacation) - it went OK, but you will really need to be ready to jump on a plane if there are issues.  

Enjoy the learning process.  

I'm closing on a vacation rental property approx 12 hours from my home and I'm interested in installing both a thermostat and keyless entry lock system which I can control remotely.