You look around every corner and someone has a mortgage note / debt fund.

If banks didn’t have fractional lending they would not give mortgages either as with inflation you lose money over timeFor example:Take $1M as an example of a portfolio and put it at 7% seller financed vs putting it into an investment that gets 6% but doesn’t pay your principal back and is taxed at a much lower rate and see how big a difference that isRoughly $1.4M interest vs $1.8M and taxed at 15% less rate it makes a huge difference.

And is it better for a wholesaler to buy/sell a home under a tax foreclosure or a mortgage foreclosure?

You are going to have to deal with it when the lease is up for renewal, so make sure you are give him proper notice.

Budget and financing options should be considered, including conventional mortgages, FHA loans, or renovation loans.By focusing on these factors and conducting thorough research, you can narrow down your search and find a vacation home with rental income opportunities in the Orlando area.

If short sale sale due to reverse mortgage or foreclosure then the borrower/principal homeowner per HUD [the foolish sponsor of the conniving manipulative reverse mortgage industry that is out to take homes from remaining Baby Boomer seniors & elders so younger families can purchase the homes instead while those seniors and elders are placed into senior living centers etc.

However, what is a proper amount of time spent on something like this?

Explore options like conventional financing, FHA loans, or private lending, and work with a mortgage broker or lender specializing in investment properties.Overall, it's essential to conduct thorough due diligence, seek advice from experienced investors and professionals, and carefully evaluate your options before making any decisions.

To leave you on a brighter note, I think there is still opportunity here when executed properly.  

I am doing it for mortgage paydown every year and appreciation as well.