House flipping is attractive because the high velocity turnover of capital if done successfully but as Scott points out, purchasing the home correctly is the most important factor in a successful flip.

I highly suggest teaming up with a broker who truly understands the ins and outs of different underwriting guidelines.

I highly recommend you begin building relationships with people in your local market by attending meetups and asking people to grab a coffee or beer.

A simple string across the floor can show you the high and low spots to help identify which areas need to be adjusted.

There is an abundance of supply, high price tag, it's more of a corporate travel town than a vacation destination (meaning that 1-2 bedroom units are in most demand, which puts you squarely in competition with hotels). 

I'd be careful with high rise condos in FL right now.

Travelers want to see a complete description of a property through imagery, so we recommend uploading at least 25 high quality photos to your property listing.

It comes with a lack of sleep, paranoia, fear, and anxiety, but so does all high risk investments. 

I think the DSCR route would be my option due to high DRI. 

Back on markets, or high days on market.