In my opinion if there is profit to be made why don't you pay a designer to furnish it and turn it over to a property manager and cut out the arbitrager middle man?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

As interest (taxable as regular income), capital gains (usually taxed at 15%), and basically return of principle (pry called something else but payment against her cost basis.) that’s tax free.

The land is about half the cost of the Heights.

@David Roy GriffinBeen in the call center industry for 16 years holding different executive positions (even in the Philippines), so I can tell you this is not a good option for a number of reasons.1. 1,000 names will never bill enough to cover the call centers "hard costs" (training time, dev time, QA, overhead).

Florida is really competitive with short-term rentals and I've heard many stories of people diving into the market over the past few years only to find it difficult to cash flow with unexpected costs, rising interest and insurance rates, higher price points. 

I'm planning to reach out to see if people are interested in investing equity in a condo to get it at a discount, maybe at construction cost. 

The time of the clean cut, good guy champion has arrived 

They still rent, but your maintenance costs will be higher.  

I’m not familiar with the specific market but if it’s not in a great location I would sell and cut my losses, then start over in a better location.