The house is smaller and on piers but as far as curb appeal it matches the neighborhood well.To your questions:1.

Search on BP and you'll find the formulas, you may be finding that books are general because they try to appeal to a wide audience and all real estate varies by locality what is true in one city is not true in another.

I think Orlando may be a bargain for pricing and give better returns; common sense would think they are overbuilt, but that is mostly hotels, and not AirBNB's, whic are more bargain priced, have year round appeal because of the theme parks (60 million visits per year), and truely demand outstrips supply.Good Luck, Jon, Sand Dollar Vacation Properties

If you're looking to make money today then perhaps this is less appealing, but if you're looking to buy, hold, and play the long-term game, then I think Utah can be a great place to be because the demand is so strong and it seems it will be moving forward. 

Try Alamo REIA and SAREIA as guests and see what appeals to you.  

Have you tried to appeal the request to the city?

There is quite an appeal to the 203k loan though... 

The economies of scale, cash flow, and forced appreciation that multifamily properties can bring is much more appealing to me than SFH.

GSFA also tends to close quicker, making your offer more appealing to sellers and listing agents & more likely to be accepted (everything is academic without that).

If we were just coming out of a recession, it would be far more appealing to me.