Panama City Beach has options in those price points with great appreciation producing 250-350k gross rentals in that price point. 30A is purely appreciation in comparison to the cashflow you can generate in Panama City Beach.

For example, let’s say I find a duplex and after all expenses I’m left with $200 pure cash flow per unit.

@Wilder Osorio, cash flow on your own primary should never be viewed in the same way as cash flow on a pure investment.

The joys of FSBO.

If I didn't have that policy, would I ever take anyone for a joy ride?

What can you get with the account and can you draw income from the asset or is it purely interest for your retirement?

From a purely financial, pragmatic point of view, in my opinion, anyone with any reasonable level of assets would not be well served going this route.

So at my cost of $27,000 for the conversion I figure purely monetarily it will take me 2.5 years before I just start seeing more money in the bank every year from now more heating costs.

In choosing such a property in such a location, I know this is purely a cash flow play (and guaranteed rent by Housing Authority) and I don't expect any appreciation at all.

Similar to Joy, I own a small parcel of land zoned SF in Lee County by the Caloosahatchee River.