Very emotional. 

"How do you cope emotionally with nasty tenants?"

It’s a non emotional formula to get you to a goal.

Florida and we absolutely love the area and want a place there eventually so there is that emotional component as well… But I have walked away from many deals in my career and will walk away from this one too if it does not make sense financially!

Don't get emotional about it.

Emotions aside and potential issues aside with that I’m just curious if anyone knows the potential tax implications are?

It's a business, no place for emotions when it comes to money.Difficult to understand if tenants could not care less about the financials of their landlord why their landlord would care about them.

If you're looking for a "best property" then you could be in contention with the legions of SFR buyers that want a home and can therefore afford to pay an emotional premium.  

Don't put blinders on, and don't let emotion rule, this is not a good deal unless you can get it for below $325k most likely.  40-50% (of rents) is a good rule of thumb for expense, vacancy, cap ex, tax, insurance, etc.  

I was working out which helped me pphysically and my emotions.