I’d probably look to rent just in one lease, probably a nice middle ground between having 5 tenants & paying a property manager  

The roof needs replaced and it would take a lot of work to make it look nice.

Heights is a great option and very nice and looked after area where this strategy will work, but it will be hard to find something in good shape bellow 350k.

We're also from the south Florida area, so it's nice to see someone who's familiar with our market show how they made something of themselves for him and his family and be able to travel the world.We've reached out and spoken with him a few times for his free guides and resources on instagram, he's been very kind and responsive, we are excited and looking to enroll in his 5 day real estate masterclass coming up in January

Thanks Samuel, nice meeting you.

Lower end tenants mean more headache:More frequent turn overHeavier turn costs/higher wear and tearSlow paymentsLonger vacancy between both the turn over time and finding another qualified tenantBeyond these factors, as others noted, a full unit renovation will cost about 15-20k if you want to do it pretty nice.  

Nice profit.

Florida is a fantastic choice with its favorable tax environment, lower cost of living, and diverse markets.

Thank You Garrett, nice to hear from someone back home, LOLI was born in Texas

I have about $180k in equity in one of my investment properties and I have a nice amount of cash on hand and I have an idea that I would like your thoughts on.