Hmmm, options are a legitimate way to make a lot of money in a SDIRA, but it sounds like it might be a fight if the IRS decides to make a case because of all the abuses.

So, depending on what your investment strategy is, it is a benefit to look at it from different angles, and decide the best direction for your investment strategy.Best of luck to you!

A couple properties ago we passed our very frugal freedom number, and decided that my very demanding job as an athletic director was ultimately slowing our progress down in real estate.

Furthermore, when you decide to sell these types of properties you will have a very limited buyer pool.

"If part of your plan is to live there let that be your deciding factor first.Tampa is a bigger city, more things to do, more amenities.

I would venture to bet that the HOA only meddles in peoples intimate affairs when the HOA decides they do not like the owner - that is when they pull out the rule book and start to play 'gotcha'. 

Knowing New Orleans a 4 bedroom can have anywhere from 800 sqft on up so if you do decide to replace the unit and need a good contractor inbox me and i will give you my guys number. 

It's up to you to decide on your risk profile and how much conservatism you want to trade for upside.

On all our properties we have deleaded over the years to get the valuable certificate of compliance.i on the other hand decided not to renew our license due to cost past to homeowers and my crews not wanting to perform these tasks. 

What made you decide on FL  compared to other markets?