And piggie backing off Todd, financing is getting a bit tighter, and securing better rates has become more challenging.Additionally, having an LLC set up in one market while investing in another can be a logistical headache!

I guarantee your life would be so much better if you removed her and replaced her with a good renter.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

I need to remove it since it is outside in order to be able to maintain the property better.

Much better than average location3.

If you’re set on Florida, focus on areas just outside the main city that are still growing—you’ll find better deals there.

So @Jonathan Greene,how can we make it better?

Plan for a few months of "Oh crap, we're spending so much money; this better freaking work." 

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

The more the better.