If they are professional, they can explain this quickly and easily.

All you need is a 5% cash-on-cash return, which you can find in most markets. 5% of 4.6M = $230kSo it sounds like you can easily hit your goal.

A few people travel from Daytona just to come to the meetings. 

I have traveled through every province in Canada.

A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

You can also take a car ride and travel to Dallas, Houston or Austin.I think NYC is a good city if you want to work and make a lot of money. 

There are easily 5-6 meetings per week you can go to and learn from people who have been in this business for decades.

This is the heart of the reason housing isn't mroe affordable, that landlords bear these types of costs every day.You could probably find cheaper labor, especially to haul away the junk, but not easily as an out of state investor. 

I'm sure y'all already knew that!