Hi Jeremi.As mentioned, you might want to have an addendum to your first/ original property management agreement. 

Oh and the original Incumbent tenant dies of natural causes in the unit one month prior to closing in June which delayed it again.Needless to say...

This isn't including other expenses I know but I was planning to self manage the property and hope rates continue to go down so I could refi in the future and gain more margin in rental income.After further analysis and speaking with a friend thats a real estate agent I may want to shift my original plan and sell it.

Have participated (currently still involved in them) in two real estate syndications.I'm originally from San Francisco and ran into that same issue back in 2021.

Simon, Here in FL its much easier for us because we know a few things:1) The U.S. is severely under supplied in housing units. 2) Tons of people are moving to Florida everyday which makes point #1 even more drastic for us. 3) Interest rates are preventing people from selling their homes, because then they would need to re-trade for a higher interest rate buying a new home, which is creating even more housing demand.So with this knowledge, now we move to more market specific data, which is what I talk about in the original post.If a market shows decent growth and demand, then it all boils down to the numbers.Its important not to forget about any costs though.

The value of the land is estimated to be about 35% of the total cost of the project, I have an excellent credit score, high income and very low DTI so qualifying for a loan would not be an issue, other than the fact that I am not a GC.

Originally I was just going to flip this property,  now I really want to keep it as a rental. 

You'd be leaving the original home intact and that shouldn't affect the terms of your loan. 

Originally posted by @Nicholas L.

Any guidance would be greatly appreciated as I work toward my investment goals.Here's my original posting: Requesting Investment Strategy Advice for a Real Estate Newbie (biggerpockets.com)