Hey Patrick, This would be a DSCR loan.

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

In many countries foreign investors buying rentals can't get loans or loans at all. 

A turn-key provider would be a company that can handle everything from sending you deals that fit what you're looking for, assist in getting you pre-approved for a loan, rehab (if needed), management, and maintenance. 

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

Do you use traditional financing or do you us DSCR loans?

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.

It's critical to to get references and work with BB&B-accredited and fully insured companies when this amount of money is involved.

However, the ex wife name remains on the loan itself.