Orlando has high tourism demand, making it ideal for short-term rentals, though regulations vary by area.

I do condo plans as part of my W2, and these SF calculations can vary based on the coord with the attorney and owner as far as how the association is originally set up in its budgeting for dues.

I do agree it will probably work better than a barely-trained VA but it still will have varied results.

I have seen all sides of this equation, self managing my own properties locally, but moved with the Navy 1000 miles away and managed the same rentals from afar, and had friends here in Memphis that had 18 properties and had them all with PMs with varying levels of success, some bad and some great.Self-managing brings about an additional level of responsibility that most of the time is fine, but that is not what you hire a PM for.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

This means that, on average, half of your rental income will go toward operating expenses (excluding the mortgage).Here’s a breakdown of common costs to factor in:✅ Insurance – Get a quote before purchasing (varies by location and property type).✅ HOA Fees (if applicable) – Check with the HOA for exact numbers.✅ Property Management – Typically 8-12% of monthly rent if you’re not self-managing.✅ Vacancy Rate – Assume 5-10% of annual rent for vacancies.✅ Maintenance & Repairs – Budget at least 5-10% of monthly rent (higher for older properties).✅ Capital Expenditures (CapEx) – Roofs, HVAC, major repairs—set aside another 5-10% for these.✅ Utilities – If tenants aren’t covering all utilities, estimate based on past bills.✅ Landlord Reserves – Always have extra funds for unexpected expenses.To make sure you don’t end up losing money each month, use a rental property calculator or build a simple spreadsheet to break everything down.

Florida has some strong rental areas, but things like insurance, taxes, and property management can vary a lot depending on the city.If you ever want to compare notes or chat about market trends, happy to share what I’ve seen!

(Reason filthy living conditions) Consult a magistrate prior to posting as it varies by state. 

However, depending on the appraiser what your experience is can vary widely.

Minimum loan amounts vary, but the product we work with most often starts at $500,000.