I’m looking at hard money as another option for a turn key property once I finish my first renovation and have more funds to put down 20%. 

We aren't paying for Google Ads, so I am assuming organically through key words.

Listed below are the main things to think about when investing the Orlando/Orange County area.Unincorporated Orange County (outside City of Orlando)Key definitions & permit requirementThe county defines a short-term rental (STR) as the rental of all or part of a dwelling unit for lodging for a period of less than 30 days. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

With such little visibility into key indicators this past month, the release of delayed economic data will be critical in shaping expectations for the remainder of the year.

I usually start with one key person often the PM or someone on the ground and let their referrals guide the rest of the lineup.

The key is knowing your numbers, finding solid deals, and building a reliable local team if you’re investing out of state.

The best move at this point is probably to try to do cash for keys if you can get lucky enough to pull it off. 

Quote from @Quinton Brown: With NACA, the key is starting early—prequalification can take some time.

If you’re planning to self-manage in Ohio as an out-of-state investor, building a solid team is key even if you’re doing the day-to-day yourself—start with a reliable local real estate agent who knows investor-friendly neighborhoods, a property manager you can call on for emergencies or occasional help, a good handyman or contractor for quick repairs, and a local lender or title company you trust.