Pete FL for around $75k, you just have to come up with the best floorplan and use that will justify the land cost.

Subject to seems to be more ideal to avoid any confusion over ownership, but it sounds like a pretty involved process that could cost time and money (whereas the other approach is free and simple).Any insights/advice would be appreciated!

There are different levels of a cost seg study and there are residual methods to cut some corners but you will never come to a correct answer. 

What are the new costs, terms, conditions, years?

It helps you learn landlording on-site and also offsets the costs and your living.

They knew the laws, they corresponded with the tenants, and they sent notices and evictions.Did it cost money?

PMs openly talk about how they would cut prices to $1/night as the inventory is perishable.

FED cannot avoid cutting rates they dropped in December and January and a CPI index report crushed everything that was really all hedged data.  

That house will rent for less than $3,000 a month so you'll have nothing left to set aside for vacancies, property management, etc.Learn how to crunch numbers, then work with a professional that can help you understand the true costs of a market.

Charge what it costs, but I agree try to find something that is less expensive (eg $50).