Plus by going with you, they won't have the benefit of an agent's errors and omissions insurance, the support of their brokerage, and the experience an agent has in protecting their clients from everything that can go wrong in real estate transactions.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Property taxes and insurance costs are best obtained through local county websites or reaching out to insurers directly for quotes specific to the area.Tools like BP Pro and Reventure can be helpful for an overview, but it’s a good idea to validate their data against primary sources to ensure accuracy.

I'm guessing an investor who could afford an $800K house wouldn't have trouble getting a loan, but maybe they would like being able to make a small or 0 downpayment. 

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

HUD.GOV is originating source for FHA loan info.

They couldn't get a construction loan and were constantly blaming the cities being tough on their permit process.

Hey Patrick, This would be a DSCR loan.

You guys need to get rid of that student loan debt.

The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment.