The rent is currently about $500 less per month than what my research tells me it could be for this property.

research market data for the top and bottom averages of property value appreciation data in your area to find out if it's worth it to you.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

It takes a lot of work to find a tenant, your commision gained from the income should only be for the services rendered while the tenant is in the home ( in my opinion ).Some additional fees I can think off, are maintenances fees, for larger projects that require a lot of management and research.

If you are literally just starting then spend some time researching the pros and cons of each, but don’t overthink it.

You can do a lot of this research yourself, or you can leverage the expertise of others that already know it.

Local building codes are going to dictate the options.I researched it several years ago and it ended up being cost prohibitive because of these reasons: 1.)  

I am looking for the pot of gold at the end of the rainbow.

However, with savvy keyword research, you can quickly learn how to stay ahead of the game.

I am not really a fan of the program because we have a very nice situation in our current home.Putting 20% down for a conventional loan is a steep task financially so I do not think that is an option plus I have been told by many of my friends with multiple MF homes to never use your own money to get into one.Then there is always using the equity we have built up in this current MF home we live in to purchase the next - I am not sure how that works but have done some research on home equity loans and believe that would be another option.Any advice would be greatly appreciated!