Did you buy this home virtually? 

My father took out a $320K home equity line of credit (HELOC) to invest with my brother and I.

If you have family get them involved...sell FB marketplace and eBay for a year and they can do that from home.   

When I was flipping, I took my profits and bought rental homes.

We are rural so most homes don't have trash service.We do as we are in the tiny town and the guests put the can out on Tuesdays.

Upgrades included modern interiors, smart home features, and premium amenities to attract high-end vacation renters"

You’ll lose any property tax caps they may have enjoyed and be increased to the non-owner occupant tax. 

These are leased to businesses (like chain stores) that cover taxes, insurance, and maintenance, making them much more hands-off than residential rentals.Real Estate Syndications / REITs – You can invest passively in commercial real estate (apartment complexes, self-storage, industrial, etc.) through syndications or real estate investment trusts (REITs) without being a landlord.Hard Money Lending / Private Lending – With $500K in equity, you could act as a private lender, funding real estate investors who flip homes or develop properties.

Using FHA owner occupied.

Property owners in these areas can only advertise for monthly rentals and are not permitted to offer daily or weekly rentalsandIn March (2024): Florida lawmakers passed legislation granting the state more authority over short-term vacation rentals, potentially impacting local regulations.