I recently came across a Twitter post in which the individual was looking to purchase a home in Florida in the present market in anticipation of moving there several years down the road and thinking the local FL market being even higher at that time.

These are the types of incidents that new landlords don't anticipate running into. 

I'm not anticipating making a great return initially, but it's a starting point and will help reduce my personal housing expense and give me experience at the same time.

Coordinating that communication and anticipating potential problems, a good experienced TC may get you by but now we're getting into the zone of high risk going agentless for the limited reward of saving 6% commission. 

So adding the cost of the higher rate payment and the refi over say 30 months, and comparing it to my anticipated savings I can decide if it was worth it or not. 

I do anticipate property tax going up due to rehab.

You likely will not be able to use the anticipated short term rental income from the property you’re buying.

For rent accruing on August 1, 2021,or thereafter, and unless an exception or other state law allows for eviction, landlords areprohibited from serving or enforcing, or threatening to serve or enforce, any notice requiringa tenant to vacate any dwelling, including but not limited to an eviction notice, notice to payor vacate, unlawful detainer summons or complaint, notice of termination of rental, or noticeto comply or vacate, if, unless otherwise permitted by this order or under state law, a tenanthas (1) made full payment of rent; or (2) made a partial payment of rent based on theirindividual economic circumstances as negotiated with the landlord; or (3) has a pendingapplication for rental assistance that has not been fully processed; or (4) resides in ajurisdiction in which the rental assistance program is anticipating receipt of additional rentalassistance resources but has not yet started their program or the rental assistance program isnot yet accepting new applications for assistance.o There is a presumption that any rent payment made on or after August 1, 2021, isapplied to current rent before applying toward arrears.o A landlord is not required to accept partial payment of rent but is required to offer atenant a reasonable repayment plan under this order and pursuant to Section 4 ofE2SSB 5160.o A rental assistance program is authorized to share the application status of a tenantwith the tenant’s landlord.https://www.governor.wa.gov/si...

They ended up selling for less than they anticipated because they had to disclose it had flooded.

It was transferred to me, so I just let August go, don’t collect anything with the anticipation she does leave at the end of her notice?