That depends on your perspective. 

@Angela Marquez, I would be delighted to help with feedback and analytics on the Orlando market and the specific home you have purchased, from the property management perspective.

Hello Cliff, as I went through this about five years ago before I started investing in properties, the advice that you’ve been given initially is right on point so from another perspective, but say that you hire yourself as a W-2 employee instead of an owner on your schedule C personal 1040.

I’m wanting perspectives like yours as well to know what risks we might be taking.

However, from the perspective of the tenants I know, including friends and family who are Section 8 tenants, I have observed some concerning behavior.

@Monica Mejia, @Christian Ehlers and @Eric Yu offer balanced perspectives here. 

But sometimes you have to look at it from purely rational and business perspective.

Small guys perspective:12 properties over the last 20 years. 

From my perspective, if you can get a 5/1 ARM at a lower rate, by all means take it.

Noted on the units too, ideally a nice 4plex would be the best case scenario but as you mentioned anything is better from a financial perspective than paying the amount in rent I am currently.This market could cash flow pretty well at 20% down if i find the right property as the prices are below national average and rents are actually fairly good in comparison to property prices (plenty of 1% opportunites on SFH with a minimal cosmetic TLC).