So...what would your return look like if interest rates reset at X + 3%, what would they look like if rent increased by 50% or if rent decreased and appreciation increased?

If you look into bigger single family in the resort/vacation communities, that is where you will separate yourself.Getting into a 5-9 bedroom home can significantly decrease the supply aspect in Orlando.

Now I know people travel and have visitors and I can't for sure say some of that wasn't use but I am tracking closely after each improvement/repair water use is decreasing.  

The value of the US dollar has decreased by 95% over the last 100 years.  

It will lower your payment and decrease interest over the loan (awesome), but you may be able to make better use of your money elsewhere and make more money (also awesome).

And I haven't seen rents ever decrease in this area due to economic downturns.

This will be a great stepping stone into real estate while also decreasing your living expenses and allow you to pay down debt and save up for the next property even quicker.2) You have a great start on your "big plan", but figure out what you truly want.

Crime is decreasing there.

Also likely that the payment decreases a little in your favor.3.

Our market has seen a ton of growth lately, and with that has come with a significant increase in pricing and decrease in returns.