I work with mainly buy and hold investors here in Cincinnati.

If you find a good PM they can help you find, buy, and rent a property.  

Quote from @Kaushik Sarkar: Hi,I am looking to invest first time with a turnkey developer,  who is buying the land and building a multi unit commercial retail center and some apartments.

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this. 

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

And, if you are going to buy someone's time and expertise to train you, DO THE WORK. 

You can probably find good deals in Tampa right now, but I'd be very strategic about where you buy and yes, insurance and taxes can be killer, but there are plenty of investors there and for good reason. 

@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

Don't buy in the hood.

for me  a handful since early 80s  now in those days I was ONLY buying land that had owner contracts on them.