New member New to purchasing homes to rent

[Joy Buell]

My husband and I live in Maryland, but want to retire in Florida . We bought a condo about 6 years ago,  we have had 2 really good renters the last has been there 5 years and does not plan on moving. 

We are now in the process of purchasing a Vacation condo in the Florida Disney area. I am starting to worry about our deal, it is a short sale, so we have a good price, but we are taking the money for the down payment out of the condo 30K. With HOA fee's and morgage we are breaking even.

I would really like to hear some opinions on our plan, or direction.  We are looking for guidance and things to watch out for.

Thhank you

Joy