Tenant screening is challenging and you have to have the right process in place to make sure you choose wisely.The main thing as many said, this shows a red flag on the amount.

That said, you have to be comfortable with your risk tolerance - are you going to keep yourself up at night? 

And good luck to whatever you choose to do.

If I owe $150,000 principal I would choose to pay it over 30 years versus 5 years! 

Because I will never go into anything that is losing intentionally it's like asking me to choose A or B: take this 50k check or write a random 50k check to a politician.

There are good deals to be found, and people should invest where they're comfortable. 

Choosing the right lender for a HELOC (Home Equity Line of Credit) can make a huge difference depending on your goals.

Miami is still doing well, Fort Myers is adjusting and has lower real estate than 12 months ago, etc..)My simple thought, for what it is worth, is choose a place to live and not invest in:  choose the location you and your family WANT to live in ( because of the schools, taxes, weather, other family there, etc...) and then buy and do real estate there (and get whatever licenses you need once you start third party management).I wish you well!

Personally, I am not comfortable with anyone hovering an ax over my neck, confident they simply won't use it "cause".

If you're comfortable posting a link to your property, it would give you more direct feedback from everyone so we can try to help you meet your target. ;-)