That's what I've heard from others and read online as well.

Alternatively, there are high-yield online savings accounts like Marcus or others - the difference is that banks have some inherent risk, thus the FDIC insurance. 

Brickell has that same kind of potential, but with even higher rent ceilings thanks to its location.A couple of things to keep in mind as you dive in:Financing: As a first-time buyer, you might qualify for low down payment programs.

Claiming a stair is defective is mind blowing, but I'm glad it didn't cost you very much.

Where people went cheap with online brokers, many of those companies just did not have the resources or expertise is seemed in many instances to handle claims. 

Every contact I needed for insurance, mortgage and cleaners were done online, mostly through connections from BP. 

In our minds, we come out ahead as we get exatly what we've been looking for.

$500,000 after taxes is likely close to $325,000(maybe more or maybe less).Assuming cash-flow from rentals is offset by depreciation, you would need $325,000 of annual cash-flow from the rentals.If you can get $200 / door / monthYou would need 135 doorsYou can work on this type of math to figure out how much rentals you need.Be mindful that rentals require some type of work.

From what I can tell online, the RF1 zoning district is designed primarily for single family row houses (like townhomes).

Possibly as an incentive you cover anything over a certain amount to give peace of mind to the renters.