Other factors as well of course: DTI, the LTV, primary residence vs investment property, etc.

@Jonathan SmallThese are just general and common knowledge about Florida known to most. 

Class A properties will generally have high valuations and lower market Cap Rates.Class B Property:A step down from Class A, Class B properties are in the 10 to 20 year-old range, and are mostly well maintained.

But if you are not cautious, well.....

I’m ideally looking to buy that first property in San Diego.ThanksSounds like you're well positioned.

Good wholesalers will price deals well, meat on the bone for you.

Also I'm working on a few commercial projects at the moment as well!

I wish you well in your situation, this is never easy.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

However, expect greater transparency and heightened consumer awareness that has come out of media attention and NAR settlement to impact the listing component of seller agency as well.