You won't get calls at 11:30pm on a Saturday reporting heat is out when the temperatures are -17 degrees.Increased Long-Term Property Value: "Nobody will care about my property better than me!"

It is no different than if Dairy Queen released a "news article" saying study finds eating ice cream on hot days is great for preventing heat stroke. 

The only thing is that you won't have heating and AC, so you'll have to provide your own.

Additional costs on these 2 homes: stolen AC unit, new roof, numerous smaller repair issues (sink leaking, heat or AC not working, etc). 

Besides paying for heat) .I have an older relative who wants to partner with me on future deals with a goal of more passive income to subsidize his retirement.

IE: Given everything else is the same, if a property that has baseboard heating and sells for 500K, and a property that has forced air sells for 520K and if it costs more than 20K to update the HVAC, the numbers wouldn't pencil out. 

In exchange, you're being offered the net cash flow and strong upside—assuming the operator executes well.What I Like:3x return on capital over 5 years and ~30% IRR is excellent on paper.You’re avoiding asset depreciation risk—since you’re leasing, not owning.You’re leveraging a high-demand location with upcoming events (think Super Bowl or F1-type spikes).I’ve seen a few deals like this in Austin and Miami, especially during peak STR booms where institutional players or operators didn’t want to own but needed the lease secured to scale operations.What I'd Be Cautious About:Operator risk is very real.

I have recently been stationed within the Miami, FL area and know that this is not a location for a new investor.

My son wants to move from Connecticut to Miami.

I THINK supplemental heating is an option but that might be only on whole house heat pumps?