There seems to be a lot of available apartments on Facebook and Craigslist which kind of concerns me.Thanks

@Val JazGood day, what was the cause of the $200 overage?

You're unlikely to get fired or laid off so the concern of needing 6 months of bills money saved up is a bit less of a concern.

Again don't get intimidated by his wealth cause everyone had to start somewhere. 

Florida’s sun is already hard enough on a roof plus throw in the rain and hurricanes and I don’t need to add any other items that could cause damage ever.  

But the one many don't consider is theft, whether it's from contractors stealing materials, or someone breaking in and stealing tools, materials, or just simply vandalizing the place, causing delays. 

Their criteria are rigid and hard to meet in this current climate, so I'm concerned that if I go that route and it takes 1-2 years to get in the game then I'm missing a lot of learning opportunities from just buying my own small deal to learn the ropes. 

My concerns: - She has not provided me with the rehab estimates but based on what I see in person from outside of the properties, I think its going to be a major gut rehab so I am assuming at least 300k.

I am also concerned about the cash flow and repair expenses, like @Matt Hurley said.

Always expect the worst to happen with your tenants, they can be good people but still cause major damage to your property.