It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.Alternatives NearbyIf you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential.

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Is it possible to refinance the HELOC now into a conventional on the STR to remove the HELOC from my primary home and free that up for other investments.  

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Waterfront homes, particularly those with Gulf access, can command higher prices and potentially higher returns on investment.3) Tourism and Vacation Rentals: Cape Coral's proximity to popular tourist destinations like Fort Myers Beach and Sanibel Island makes it attractive for vacation rentals, especially during peak tourist seasons.4) Affordability: Compared to other coastal areas in Florida, Cape Coral offers relatively affordable real estate options.

Treasury bond money market funds pay over 5% now, tax-free from state taxes.

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A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

They offer day and night classes during the week and on weekends.

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