But since you still have lived in the property for 2 out of the previous 5 years you could take  the $250,000 as well as defer the rest of  the tax in the 1031.Thanks for the tip!

It is easy to finance, easy to rent, and appreciates with the market.  

The market has shifted a bit and going forward you will need to be buying "off market" to make any money.

They typically have below market interest rates and can be used for house hacking a 2-4 unit. 

I been making calls to houses thats been on the market for 60days or more but nothing is working. is there anyone that is currently doing STR in the FL market that can give some tip where would be a good place to start and what I should expect. 

I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.

Purchase price: $485,000 Cash invested: $100,000 Originally on the market for $700,000.

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

If you had a bit more capital, say $80,000 - $100,000, you could start doing BRRRR's in markets like Detroit (this is what I do).

Looking ahead to my next project, do you have any advice or resources for finding off market deals?