I'm still playing with the layout and trade-offs.

For our next play we want to get into a single or multi-family, and preferably participate in what seems like a booming market in Florida. 

Quote from @John Williams: Quote from @Daniel McDonald: @John Williams like Bruce mentioned area is going to play a huge part. 

If your goal is to offset your mortgage with a house hack then Lowell would be a good bet, but if you're looking for a longer term appreciation play then the areas closer to the city would be better, although the offset from cashflow may be lower than what you're looking for.A good step for you would be to dig into specific areas more as @Lien Vuong noted above.

Not a single one of the properties I was under contract for made any sense once the massive price increases were put in play.

To answer your question yes its enough but in many cases it might be risky.2. location, room to raise rents, occupancy of property, local laws, type of investment are just a few topics that play a huge part. 

if all properties you see are below market rents, than I don't think they are really below market, typically.Beyond the cost of vacancy, renovation budgets, etc that come into play.  

Going to take some time but I’m hopeful to help make downtown a place in excited to bring my kids to and for them to know their dad played a small part!

Quote from @Devin James: Quote from @Justin Stamper: land entitlement is a great move in florida. just gotta have deep pockets to play!

@Derek BuehnerThe timing of your improvements plays a big role in determining their tax deductibility.