However your situation becomes a trickier case study since these properties first served as your primary residence which could provide additional benefits form a tax perspective not available to an owner of investment real estate and nobody has a crystal ball and knows the property with certainty will transition into an investment property. 

So take predictions by the “experts” with a crystal-sized grain of salt.

You have some interesting markets in FL that are still a little under the radar like Crystal River, but if you want a metro, Tampa/St.Pete is solid and still has inventory.But, there are A LOT of wannabe flippers and wholesalers who suck in FL so it is hard to just hop in and get stuff done before you build relationships.

A huge part if not most of the investors' return will come from the forced appreciation, which will be crystallized when the property is either refinanced or sold.

If you look at my profile my authority on this matter will be crystal clear, for speed of time I am an informed authority on this matter. 

You response makes things crystal clear, and I really appreciate it.

Quote from @Crystal Smith: Quote from @Jon B.: I am thinking of making an all-cash offer to purchase a SFR with existing fire damage in the kitchen at a price well below market value The property is in otherwise solid condition and in a great neighborhood.

Quote from @Crystal Smithtal Smith: Quote from @Minho Lee: Hello BiggerPockets Community,I'm reaching out for some guidance as I embark on my real estate investment journey with a budget of $350K.

I don't claim to have a crystal ball to give a time frame, but I think in the next 7 years we should experience a better market (at least to some degree), giving you a chance to refinance into lower rates if you wish.No point in locking in a 30-year fixed when the rates aren't incredible to begin with.

.…. without a crystal ball it is impossible to answer.I have a friend that has a mortgage free1M dollar property he rents for 5K per month.