Long story short, after a few months of dealing with other issues from these tenants, I am free of them, and have a new policy in place that when I buy a property with tenants in place, paying under market, I'd feel better off just kicking them out and finding new one's I picked myself.Luckily my area is sought after and if I want new tenants quickly, I can get them. 

Sitting right next to one of Florida's main tourist attraction, John's Pass.

There is such a helpful community here filled with tons of resources, and the podcasts are nothing short of amazing!

Looks pretty attractive to me.

I know i could have it rented in time but that wouldnt create enough funding for full payback, as far as i know most hard money lenders like very short term loans.

I have the opportunity to help finance a short term funding need for an investment I am an equity owner in.

I'm sold, just sent my first tenant through and plan to transition the rest shortly. 

Long story short, Hurricane Katrina caused materials to skyrocket, we ran out of construction money and used our own, the project ran long and pre-sale buyers bailed.  

You'll learn a lot more from  finding motivated Sellers and solving problems in short time sons than you will from virtual driving. 

Meanwhile, A properties get hit with negative rent growth and concessions but don't suffer as bad in terms of turnover, delinquency and evictions because they can attract the good tenants that still have jobs just by lowering the rent and undercutting inferior properties.