Targeted annualized return is typically in the upper teens achieved over the hold. 

You can achieve much higher cashflow than you ever will with long term tenants, even with the higher expenses it is almost a no brainer in florida in my opinion.

You have a realistic timeline for achieving financial freedom. 

We’re buying our first rental property and planned to rent it out but we really think with its location and home style it would make a great Airbnb (even if we don’t do that now, we’d like to eventually).

One of my favorite things about them is the motivation it brings, being able to recognize that we're all investors in the same market-style makes it easier to keep going when things are tough.

And, these companies won't take your business if they know that the asset is too small to support payroll - they don't want to rediscover the wheel every time, hence, institutional.Now, if the property is small and cannot reasonably support institutional style of management, then you are left with the same people that manage single-family.

I am hoping Strong Towns style incremental development can occur in this area, where resident developers have more opportunity.  

Do what works best for your own style, while also complying with state laws.

Always happy to help locals achieve their dreams in RE. 

I'm honed in on some markets, with Ocala / Marion County / I-75 corridor being one of them.I'm ideally looking at 2-4 unit MF, BRRR-style, C+ neighborhood opportunities.