Orlando’s year-round temperate weather, coupled with no state income taxes, continues to entice both domestic and foreign investors.

@James Wise That is a good point, i like that you mentioned the ghetto because that is what i was kind of thinkimg to get my feet wet.

This definitely gives me more confidence to pursue the safer option right now--at least to start out and get my feet wet first before taking something bigger with more risks. 

I asked them why they thought it was a sewer crack and they sent me the complaint from the tenant and said it was scoped and they couldn't get past 35 feet so that was where the sewer was cracked. 

They are not wanting anymore tenants because Dad wants to kick his feet up and chill. 😂 Stock market is strong now, but definitely don't have control over that market at all.

Just wanted to bring it up on here, because i am no expert on the tax side of investing in real estate, honestly i am still learning the basics and getting my feet wet, so there are a lot of things that i have little to no experience in and if this was an actual honest way to go about things, then i figured it would be worth learning about and investing time into it.

Rent it out (refi or heloc)Bought Aug 2017:   128500Renovations:           6000Appraised in 2018: 185000Overhead:                1350/month (Mortgage, ins, tax, HOA)Potential Rent:         1700-1800/monthThere are plans in the next few months to break ground on a new high-rise fifteen feet from the balcony of my unit which would completely block my view, a HUGE selling point for my building.The new building next door will be a high end hotel with nice restaurants on the first floor so long-term it would be good for the area. 

The reason I want to do that is so I can get my feet wet without taking on as much risk.

Is ther someone out there who can give me directions how to get my feet wet or how to get start?   

I’m looking forward to finally being able to let my feet rest and unpack my suitcase after years of being a bit of a nomad.