I would just not move forward with scheduling a showing until/unless they comply with the procedure to do so (providing ID, pre-screening, etc).

Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

Network with other local investors and always have a solid emergency fund.2.

Title VICIVIL PRACTICE AND PROCEDURE Chapter 83 LANDLORD AND TENANT View Entire Chapter 83.49 Deposit money or advance rent; duty of landlord and tenant.—(1) Whenever money is deposited or advanced by a tenant on a rental agreement as security for performance of the rental agreement or as advance rent for other than the next immediate rental period, the landlord or the landlord’s agent shall either:(a) Hold the total amount of such money in a separate non-interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants.

Never buy without personally inspecting and approving the property and INDEPENDENTLY, INDEPENDENTLY, INDEPENDENTLY, verifying everything from values to market rates, to approving tenant selection procedures and standards, to repairmen on standby, to everything else in Christendom that you can thing of.I am not a fan of out-of-state investing, especially for those with less than 50 years of experience, and for them, they’re probably too old for the hassle. 

First question: how much cash do you have to invest, and is this separate from your emergency funds? 

If you don't have money set aside for emergencies then you should tread carefully.

That's being highly weighted through owning debt and generating alpha through gold, alt allocations, little US equities, and little emerging mkt equities.$1mil and getting 75% return on it to get net $40k/monthly, that'd be quite the feat.

@Preston Dean I personally like to make sure I have a set amount of reserves for each property to cover things, so if you have a pool of funds sitting aside personally I would just earmark a certain amount that you don't touch except for that property (or an emergency).

Do you have any equity in you existing home (if you own it) so you can leverage a HELOC to use as an emergency fund?