These very frequently get sold to OOS investors relying on the local realtor's inspector.

My wife’s grandparents live out there and we visit frequently and is a place we eventually will want to relocate in the distant future.

Hey @Matthew Hagerty,I'm a big fan of the Mastermind groups.

I am not a huge fan of blanket loans as sometimes they come up with issues later should you want to get rid of one out of the 3.

Or if the note is good quality, you can just enjoy the income stream of a $10,000 note that you bought for less than face value.Another strategy I'm a fan of is tax lien sales. 

I"m currently using Cozy.co on my 15 smaller units (SFH, Duplex, Quadplexes), and personally i'm not a fan, I just choose it because it was free at first.  

@Andrew Caldieraro just backing up @Bruce Petersen post, we'll frequently look at this.

@Cara NallCP2501s are frequently issued for "matching errors" and don't necessarily indicate an incorrect tax return.Generally the 1099-S amounts for rental properties sold are reported on line one of the 4797.The link you referenced merely contains instructions for TurboTax and doesn't clarify how the sale of rental properties were actually reported on your return.If the sales were reported correctly, a CP2501 notice can be frequently cleared up with just a letter explaining everything.It's not really possible to tell what's going on in your specific situation without seeing the complete notice and a complete copy of your tax return. 

Now they have one less tool when the $%#@ hits the fan. 

Your competition won't be AS high for STRs (both in acquisition and marketing your own) as tourists tend to frequent Destin moreso than Pensacola Beach, but there are still plenty of folks that visit P-Cola and nearby beaches for concerts, festivals, conferences, TDYs, Blue Angels Weekend, etc.