However, finding this in Florida has been quite challenging.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Practicing resilience and maintaining a level-headed approach allows investors to navigate challenges more effectively.Thanks for sharing these insights!

I'd love to hear more about your experience and any challenges you've faced with financing in this current market.Looking forward to hearing your thoughts!

Also, were there any challenges you faced in the process?

Challenges?

Have you noticed any challenges or downsides?

High interest rates and rising housing prices make it challenging to find a property that cash flows well.

I really think that regulation is ripe for a legal challenge. 

We now hold it as a rental property that cashflows well with a 2.75% interest rate (got lucky with the rate environment at the time of purchase!)