Due to amortization schedules front loading; you could be burning money if you go light on your down payment and use a 30 year. 

Florida is a state that does not fool around when it comes to foreclosures as if you do not have your i's dotted and T's crossed you can get burned bad.

One thing I did note is my insurance is $3K a year lower due to the monitored fire suppression system in these larger properties versus my smaller properties that sleep 12 or less built close to the same time.As someone who has lived in Illinois twice, the politicians there don't care if people burn as long as they can tax and spend. 

It takes patience, strategic thinking, and a burning commitment to building wealth over time.

I'm living off of cash reserves and burning through it - there is a well dry date looming on the horizon.

And rinse and repeat.I stop focusing on instant gratification and focus on delayed gratification.

Because many have been burned over the past few years investing with sponsors who had little to no experience and investors were caught by the glamourous and sexy returns that were being promised that they were getting four years ago but are now gone from big returns to big losses.So the first question you are gonna have to answer is how do you plan on protecting investors money?

Some, after they got burned by another PMC.#1 problem?

At some point if you want to be an Entrepreneur you have to burn the ships. 

@Cassidy Burns runs a great one which is a nice blend of education and networking.