Out of State Investing in Midterm Rental Multifam in FL 2023

[Quiana Berry]

Hi! Im a first time buyer, interested in closing on a multifamily in FL market particularly 1. Orlando 2. Tampa 3. Jacksonville. Strategy: buy and hold.

Florida for lower taxes, sunshine and close proximity to hospitals (travel nurses), universities, parks/attractions and bonus the Caribbean and South America is right in it's backyard. Orlando is a top choice for proximity to Disney /amusement parks, hospitals, growing tech market, inland protection from hurricanes.

I am looking for a house hack investment deal around 700k with short-midterm potential. Willing to do light fixer upper work that doesn't require structural work. Home preference is No less than 4 bdr 2 bath and preferably some land and 40 mins- 1 hr tops from a city, close to hospital and/or university - potential target market.

Questions 

Any investors have stories of what it's like in recent days out there? 

Any recommended contacts or tips to build a team out there? 

Is the insurance situation that bad with the reforms proposed? 

Besides swamp land any other gotchas to be careful of? 

Any guidance appreciated, total newbie here. Thanks so much!