I bet your ac is set below 80. 

I bet you're getting a lot of hands-on experience with those.Feel free to ask any questions you have about investing or share your experiences as you start your journey.

Its all over the internet, so easy to find. 

And doing it on the internet is crazy.. granted some good CpAs have chimed in.. but you need to spend some money and get these answers from an attorney who specializes in these and then a CPA who understands how to set this up as well.at least IMHO.. pay for top notch advice it will be worth it in the long run. 

Ultimately your bet in keeping it is that expenses (hoa fees) stay flat and you see higher appreciation (especially in rent prices) over the next several years.

I bet you already know someone that owns investment property, only they don't "appear" wealthy.Keep working (get a W2 job, or start your own business doing something that will get you around real estate), keep talking, and lead with service. 

For a property like this, even in California, I would anticipate at least a +7% CR.Additionally, betting on appreciation is speculative and not the best approach to long-term investing.

@Alicia Marks- Hi Alicia- I have no idea if you are still checking this, but here goes...I have a small portfolio, yet have managed to place bets in extremely high appreciation markets.

@Yanhua Sappin your best bet is to create a gameplay prior to landing in Tampa.

If you aren't clear on it, I would bet they have no idea either.