Just make sure you are fluid with this info on each property so you do not buy wrong.  

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Check out the threads that Nicholas L. linked to above then use the search function and you will find literally dozens more like it and begin to understand what can go wrong. 

Ken, you're very wrong about a lot in such a short post.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Even with 10% down you’re “hoping” that’s all you lose if it all goes wrong. 

If you find something wrong with the property after you have an inspection, this is the point where you can negotiate the price or have the seller fix the problem.

I don't think there is a right or wrong here.  

Unless you prefer an active job and happy to gain the savings in return - nothing wrong with this.