They have very good reasons for not allowing renters in their communities.

I live relatively close to Vistancia and bought a new build up here myself not too long ago, but I like the isolation from the city this area provides so your reasoning may be different than mine for moving out to these parts. 

I'm here for two reasons.

@Joel Fine this is one of the main reasons that I am more inclined to invest in apartment buildings instead of single family homes, town homes, condos or small multi.

Again, I have 100% equity in the house.I was asked why I don't get a home equity loan and the reasons are 1) My credit probably shows me to be a "ghost" since I have not had any sort of credit in the last 7-8 years and 2) I have worked for myself for the last decade and my income is usually in cash so, it would be impossible to prove any consistent income.I never would have thought that getting a short term loan under my circumstances could be difficult to put together.

@Patrick CostelloI'd say there are a few reasons why someone would buy a such a high price.They believe the market will keep going up, or plan to stay in for a long term.

If college isn't for you then you better have a very good reason not to go!

@Huy Le , You do not want to put your rentals in you any type of Corp ( S -corp or C-corp) for various reasons.

Your gut should only be looking for the bad, ignore any good feelings.You need to understand that the entire process of screening is designed to find reasons to reject all applicants not to find reasons to accept them.

If you have equity you can pull part of that to invest in other properties so being a homeowner can make investing easier that way .Has to still be in the right area though, in L.A for example it’s super tough to find a house hacking deal that makes sense even if you go in rough areas , plus there is rent control .I don’t know much about the market in Sarasota , but have bought properties in other parts of FL, prices in decent areas are a lot more reasonable than CA