I’m talking about getting thorough with expense estimates, factoring in property taxes, insurance, and a cushion for maintenance.

This is bad math, once most people factor in their income tax bracket. 

Lived it but they drive in the opposite side of the road.  

Quote from @Daniel Reed: @Jonathan Greene So, are you suggesting that this issue is indeed driving investors away from Florida?

. ;-) I've bought a couple of probates but I found them driving for dollars (unkempt properties) and then tracked down the status. 

The only thing that I see missing if they are purchasing with hard money debt they may want to factor in 3% - 5% for closing costs (points, fees, title, etc) Thx Zachary!

The biggest factor is thoroughly review their credit score report especially on time payment record and score.

When things outside of our control as investors change, (macro-economic factors, saturation, disposable income etc.) and there is no safety net, that's when investors can get really hurt.

.- File all receipts in a dedicated Google Drive folder.

So, the total base move-in costs would be $2500, all paid prior to lease signing.Since choosing a place to live is a very personal decision, please feel free to do a “drive by” of the property, located at 123 Main St., so you can get a feel for the neighborhood.