However, real estate investing is long-term, and markets are always changing.

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.

It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?

Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.

Big changes coming soon, and climate change is just the beginning.

For rates to drop considerably something has to change in the economy.

If it didn't mean trading 3-5% rates for today's rates, I'd refinance and have all these loans with my local credit union who doesn't sell them.

The monthly payment is only ~$720 and the interest rate is fixed at 8% fully amortized with no balloon. 

Once you do this conversion you can't change it back to a traditional long-term rental. 

None of these communities will be changing to residential neighborhoods, although a couple do have residential 'sides' that full time residents live in and can not be rented short term.Two of the big communities that you will have some issues with self managing are Reunion and Margaritaville.