Hi Megan, the 30+day stay restriction regarding St Pete Beach is strictly enforced!

If you are going "conventional" (i.e. loans underwritten to Fannie/Freddi, quasi-gov agency standards) then there is really no judgment involved and its strictly rules-based so "worthiness" or "credibility" isn't really taken into account. 

Strictly looking at it from a cash flow standpoint, this deal horrible.

I can't say for California, but I have a strict "No PITA tenants" rule.

Have you givin any thought about reworking it into a membership spa, with rub downs, heated rocks, aromatherepy, etc... and try todraw the financialy better off couples crowd, weight loss, dieting, extras like that???

After the great Chicago fire our politicians have voted very strict building codes.

Echoing and expanding on Charlie's good points--the mass lead law is "strict liability" meaning you are responsible pretty much no matter what actions you take, fail to take etc. practically, there is litttle danger in a well maintained place but...One of the reasons the lead mitigation etc is so expensive is that the remediators are taking on some of that liability.

As far as the type of assets you would invest in is entirely dependent upon the personal objective (whether it be strictly advice, diving into stocks/bonds/options trading, planning for future unexpected expenses, etc.). 

Montgomery county is very strict with it 

I was strictly comparing paying off mortgage vs buy more rentals.