We have some cash savings in the ballpark of 10k ready to invest today not including emergency fund and other savings, but that number is growing thanks to a recent bump in income.Now for the pros.

This negative position can consume years of cash flow to recover.

Quote from @Lucas Martinez: Quote from @Theresa Harris: They are renting the entire house including the garage and yard. 

In addition, the City of Cape Coral has updated codes and ordinances related to short-term rentals that are now available in a searchable database provided by Municode Corporation (3).Short-term rental limitations have been an issue in coastal communities in Florida, including Cape Coral, where investors can buy property and rent it out for short periods at high rents.

Alternatives include Stessa (free) and Buildium (more robust, pricier).For testing, a phased approach is generally best.

Without getting too deep into the weeds, there are a few ways to do this, including:- write up an assignable lease and an option to buy which the seller signs, then assign the lease and option agreements to a tenant-buyer.

However, your answer could include, but is not limited to:Market Focus: Would you stick to cash-flow-heavy areas, chase appreciation, or go after niche markets like short-term rentals?

Second, your lease should indicate what items are included/covered by the landlord.

From that point, I’m able to put down 20% of a (350,000) house - ( including closing costs) every 10 months or so.

But the garage is not included since I need it for storage of my tools and supplies.