Maybe your area will be different, but that size property fits insurance claims, corporate relocation of a family, etc.

He is not sure if a 40 gallon will fit in the space with the washer/dryer so that is something we are deliberating on. 

I'd say it is a solid B class location 5 min driving to home depot, whole foods, publix, LA Fitness. 12 min driving to Surfside beach and Bal Harbor. 

Each situation is unique, so tailor these strategies to fit your specific circumstances and the opportunities available in the Florida market.

.: Pre-Foreclosures / Foreclosures fit into several groups and are done under each State's laws.

I don’t know your background whatsoever, but if you are a first time with not much experience, you should think twice about entering into an agreement where you are at the mercy of two entities (the program inspector & the tenant) that determine whether or not you are fit to get paid by them.  

Like most of the land in this area, there's no agriculture, I don't know, the soil maybe not fit for it.

Unless you're able to save to double your downpayment to $100k plus it might make sense just to engage in these markets you outlined and see what's available that fits your criteria.

Just depends on what you are looking for and what would fit the best with your financial situation, lending options, and exit strategy.

Going into all the details might not be the best fit for a forum post, but it's important to think about these factors.