I originally was planning on knocking that wall down and making it into a larger master bedroom, but there's nowhere to put a walk-in due to the door placement and that's the load bearing wall with the 4th bedroom as part of an addition, so the cost to renegotiate that wall seems to not be a good ROI considering the closet space will not match the size of the room. 

I have my MBA and Masters in Real estate so the number are something I understand quite clearly.  

I am Associate Broker with Realty One Group Masters in Glendora and work in Residential, Multi-Family, and commercial sales and have done 1031 exchanges.

@Dave Foster Is the 1031 Exchange master!

Just have a back up master key on property as August works with WIFI and if it is down might cause a problem with the august lock. 

Where do I look to find the people that are looking to do master lease "arbitrage" on short term rentals. 

I like transferring debt to a line of credit that you can move money into and out of easily because you can park your idle reserves there to keep money always working for you (like a master sweep account) instead of sitting in a checking account.  

Much of the housing from Naples up to Fort Myers is in master planned communities that will have HOA's with their own rules and rental restrictions.

And a post-script add-on: Learn what due diligence is, and that would be the first skill I would master.

Good rates for an investment loan, I think. 3.5%, comes out to 3.92 APR)We'd need to bring about 47k to the table and put in another 15-20k on appliances (there are none), finishing the electrical and plumbing stuff (ie, have a master plumber and electrician evaluate and fix as needed), and then lots of little things, plus or minus replacing the back deck.So, that puts us at 65k in.Budget Monthly:+1500 rent-1110 mortgage and escrows-15 city tax-125 vacancy set aside (1 month per year)-100 maintenance/repairsThat leaves me $150/mo in net positive cash flow.