What is your actual average cash flow now?

Therefore, I think I'll be placing heavier emphasis on cash flow markets.

Once the 5 years runs out you'll only be able to offset your cash flow with mortgage interest?

-you likely won't cash flow at all when you refinance, and you might even be negative. 

If you're looking for STRs on the beach, you'll have difficulty finding something that cash flows unless you can get optimal occupancy. 

A friend/relative that has either cash or equity that would lend it to for 6-8%?

@Tim Miller Its not a security deposit, its advanced rent.

The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.

. ~1.1 M in cash).What is the best time to buy the replacement property?

They have some low down payment 1-4 unit investor programs that can reduce the cash needed (equity line amount) to close.