You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential. 

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

It is also the main tool of control by the government.

If you're happy with getting a note on ANY house in FL you might have more luck, but then you don't have as much control over the condition of the property or its location if those are important factors to you.

PEST CONTROL: Your Rental Unit has been inspected and deemed to be pest-free.

Hi Guys hope your having a wonderful day im looking to Work for someone willing to teach i know alot already but You tube dont mean Squat i need hands on Experience with someone with Wisdom in this industry that can help me get my feet wet in a controlled environment and i think working for people that are already doing big things in real estate will help more than just going on your own Iron sharpens iron.

We do nice kitchens and stainless appliances, have cleaning service, pest control, landscaping and address any maintenance issues immediately. 

Ultimately controlling your spending and making extra principal payments is the way pay your mortgage off early.Also one final warning, you must state on the extra payment that it is "Principal Only" or the mortgage company will apply it towards interest and principal.

The only thing is the HOA fees go up and they can do special assessments and you have no control over it.

A renovation company that has already completed over 350 renovations for us will quickly do whatever touchups/repairs are necessary so we can get the property back on the market.Use electronics to control access and reduce turnover time.