Questions to follow in subsequent posts ;-) After having the opportunity to live, work and play in the Florida Keys, I came to the realization it was fun and I wanted to make it permanent.

What's the issue with simply a 24-36 month construction loan then a refi to a permanent 10-year, 30-year amortizing permanent loan?    

Depending on how badly the floor is flexing, this may fix the problem.If the tiles haven't cracked or started to come loose (tap on the tiles and see if they sound hollow) the new grout might be a permanent fix.

I also don't plan on making it my permanent home. 

Every year i have to write a fat tax check, its because i have an even fatter bank account. 

But.... when you have a fat paid off rental portfolio, you can do better in paper securities (cap gain tax effects not included) because a really good ROE on paid off RE is only 7%. 

Hey BP,One of my tenants has a "family emergency" and is planning to move away permanently by the end of November (still has 6 months left on lease).

Looks like my tax rate is 1% so yours might end up touch less than $2500.I own a 3000sf, 4 bedroom/2.5 bath SFH that recently became my family's permanent residence.

When you land a fat one you’ll be crushing it.

If my underwriters do not see pricing, they leave 10-20% of fat on the quote.