I would like to invest in the West Palm Beach/Jupiter area.

This will give you more opportunities and access to various opinions about the market and properties.As to cleaning services, you'd most likely hire a property manager who'll take care of that.

Like everyone else stated with appraisals, it will be curtailed to your scenario.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Palak,Many online tools like RentSavvy, Avail, Turbotenant, RentRedi, Apartment.com help you do this process. 

No debt, they bought this place for like 200k in early 90s, quite old people. im not sure if they will be alive for the 7yr term but they chose it..The reason im putting so much down is im buying w gift money and i want low monthly payments.

Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.  

Like everything in real estate, it comes down to negotiating a good deal upfront.

I like @Chris Seveney and @Shiloh Lundahl's concept for a fast sale that you can do a lease option on.