All of those are "part of doing business". 3 years, 7 Airbnbs and hundreds of guests later I'm still a proud host and a big fan of the mid-term / short-term model!

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

Last thing you need is a spec house sitting on the market too long.

Basically - any legal filings that come into play during that redemption period could cost you the house - but you wouldn't lose your money as long as you didn't default on your obligations to the court / auction.In Florida there is no inspections of foreclosed properties.  

I have been mildly real estate investing for the last 10 years with varied success.

Hope your company is successful, lord knows every gym seems like most of their equipment is outdated and out of service every other time I visit LOL! 

I currently have 20+ units that serve short-term, mid-term, and long-term rentals.

Start by seeking mentors who can offer valuable insights and guidance.Remember, success in real estate often hinges on persistence, adaptability, and a positive attitude.

Also, I'd think about the long-term potential for appreciation and the health of the neighborhood.All in all, I think it's great that you're at a position where you can seriously consider investing and wish you the best of luck either way you go!

The unit that was not selected in the lottery is now trying to be a 30+ day rental but has not been very successful with this approach so far.