I'd hate to have my first real estate investment get wrecked by one.

After that, I'd refinance and either rent it out or sell/1031 to get into my next property after that that will hopefully cashflow, or I'd rinse and repeat since I have one small rehab under my belt at that point. 

I'd say it is a solid B class location 5 min driving to home depot, whole foods, publix, LA Fitness. 12 min driving to Surfside beach and Bal Harbor. 

@Karalyn Duncan - while the other advise is good, since you are new to investing, I'd recommend before doing anything to get more educated. 

I'd say cap rates simply get your interest in the property.  

If it were me: I’d ask to be listed as both.

Moreover, if the HOA goes up again next year, your loss is only going to get bigger.If you can sell your home for more than what you paid for it and you're not taking a loss, I'd consider selling it if I were in your shoes.

Plus I’d rather have 25 rentals appreciating over time vs just the first two I stupidly paid off with cash when I first started 9 years ago.

Also, it you own vacation rentals in Aruba, I'd love to hear about your experience! 

I'd prefer to go somewhere that I can build a long term relationship with a reliable agent/broker and property manager.