Analysis Paralysis - Should I take the plunge?

[Jeff Laniado]

Hoping to get some feedback on a property that I'm considering offering

I've dipped my toes into RE investing (currently renting a prior primary residence) but I've been a victim of analysis paralysis for years and want to do more.

I found an off-market deal in Tampa, FL through a wholesaler (I currently live in NJ) which I think is a growing market. My sister lives in Tampa so I'm there a few times per year and have a network.

SFH

$237,000

Taxes: $2,400

Currently rented for $1,500 / mo

The property is in good shape. The interior is very good, windows are 10 years old and roof is 8 years old.

I made 2 offers, one in cash ($212k) and one with financing ($235k), they've countered at $237k with financing.

It doesn't meet the 1% rule but it would cash flow right away with the current tenant. I could let the tenant renew in August or I could try AirBNB rental and probably make it more lucrative (but obviously more work).

Part of me is thinking it's a great lower risk opportunity to get started and I can put 20% down which I can comfortably afford and will cash flow right away. It's a growing market that I'd buy and hold in. It doesn't need much work.

The other side of me is reading about the eviction moratorium and thinking the market is going to burst and thinking I should stay on the sidelines.

Is this a good first foray into investing?

Are these good numbers for Tampa area?