It depends on the property because each has its own risks.

From turnkey rentals to syndication - real estate has significant risk and the more leverage you use the more amplified that risk

The area has certain advantages like shelter from regulation risk (pretty much as low as anywhere in the country if you buy in the approved STR tourist zones) and long term security (people aren't going to stop going to Orlando anytime soon). 

Many would suggest against RE investing using retirement money but if you go into low risk opportunities it can be a powerful diversification method.

Leveraging equity does involve some risk, so it's important to have a sound strategy to avoid overextending yourself.

I would probably take the risk at $500, but $1k feels more of a ripoff like most guru programs. don't waste your time if they don't meet your criteria there is ZERO chance they will meet this guys.. remember they make their money with you folks dreaming of making money and paying for the dream.. 

So you have little control of performance, no mercy from your tenant pool, and a lot of risk in neighborhood.

I normally have one piece of advice for people just getting started, do not take on too much risk.  

Look up the default risk by credit score, this information is readily available online. 

In its current state:Current NOI: $79,058 (based on 80% occupancy).Current Cap Rate (at $1.25M): 6.32%, reflecting the property’s as-is performance.Value at a 7.5% Cap Rate (Market): $1.05M, based on current NOI.Given the renovations, vacancies, and risks tied to stabilizing the property, I’m considering offering $850K to reflect its current state and value-add potential.