As AirBNB and VRBO introduce policies that have the effect of limiting the STR owners profitability, the long eatables operating properties are going more and more to off app rentals most of which is based on word of mouth which requires years in the business.Better off finding a business opportunity where entry level has more chance for success

Example $200K purchase Bank/lender offers 85% LTV so 15% down payment required.

Some questions if anyone can help it will be appreciated:- What is the minimum down payment required for condos in sunny isle?

Our agent who is listing our home for sale lives 2.5 hours away so we would need someone else to show us the land if we determined it met our requirements. 

It is not that you can't rebuild, the rule requires that you must bring the structure into conformance with the updated flood rules. 

Especially with most units requiring 3 different paints/colors: walls, ceiling and base/trim/doors.

If you're going to be required to do DSCR I'd try to stay above $100k.

I've always heard skeptic caution about properties at these price points because they come with a difficult tenant pool which then requires much more intensive property management and capex.1.

Since you hold a license you are held to different standards and requirements.

And even some STR operators require guests to sign an agreement.