This is very common - key is you should not pay top dollar for a property managed inadequately- if it is a steep enough discount then it might be worth it but if it's selling as if it's professionally managed it would be a no go for me

@Juan Lopezwill you go in person, repeatedly, as often as is needed, to any or all of these markets, in order to select and build your team? 

Now design your retirement and see if any or all of the properties contribute to that goal.

Focus on finding a property where the rental income from the other units or rooms can cover most (or all) of your mortgage.

Or maybe just use a "portfolio" loan instead of waiting the 6 months...and therefore receiving a higher rate, or a 15 year loan, or an adjustable loan...or all three...to avoid that tax. 

Potential Causes for High Drywall Moisture in a Beachfront Property:High Humidity: Beachfront properties often experience higher relative humidity due to their proximity to the water.Poor Ventilation: Inadequate ventilation can trap moisture indoors, leading to elevated humidity levels.Leaking: Even a small leak can significantly increase drywall moisture content.Salt Air: Salt in the air can contribute to moisture issues, especially in coastal regions.Condensation: Poorly insulated walls or single-pane windows can lead to condensation buildup.

Different states have different rules regarding verbal or oral leases versus written ones.

Plus, I think it gets hit more often by large storms (after lots of expensive development on the coast) and that is driving up the cost of living especially with insurance, HOA fees, etc.It will probably be a good time to invest in Florida again at some point if the market crashes enough and the insurance issue is solved (or all homes are built better to withstand the storms).PS- I don't own real estate in Flordia- I'm just providing my observations from afar.

A $250K turnkey in an A- area may rent for $1,600-1,800 here, which won’t cash flow well with 7-8% interest unless you put a large down payment, but a BRRRR in the $90-160K range in a solid B/C area can rent for $1,200-1,500/month while allowing you to refinance most or all of your cash back out and keep it moving, letting you stretch your capital further and faster than the “safer” 1% rule strategy on turnkey deals.

I was surprised, however, to find that the "cashflow" it presents is a simple Net Operating Income (NOI) minus mortgage payments-  an incomplete and wholly inadequate formula.So I've just taken to subtracting the other expenses, which are on the same page, in order to come to a more accurate result.