Entire industries like airlines, tourism, conventions, entertainment venues, gambling, theme parks, cruise ships, movie theaters and more will take months or years to recover.

There are some deals there but these days not as many, and it's more of an advanced strategy and generally a gamble even so, very hit-or-miss and you will be bidding against 100-200+ other investors, 75% who are experienced and knowledgeable, 25% who are newbies and liable to overpay.

Now, to some this might be amazing money, to the majority this is either a pay cut or of level we could think of many things that would not only be more profitable but with certainty and not gamble of success.

Bad title can happen even with a warranty deed in the chain if it's fraudulent, forged or even just improperly prepared.I handled many title insurance claims in Baltimore (County and city) so I know how bad the problem can be so I'm surprised you take an interest in property without title insurance. 

Orlando is heavily tourism driven...it's got the hotel rooms and convention traffic like Vegas without the gambling and neon.

Procter and Gamble is a huge company with multiple facilities all around the city and suburbs.

If, however, you choose to calculate it to reflect IO payments that's fine too.I believe with deals, you can do pretty much anything you choose (as long as it's legal, honest and not fraudulent) you just have to disclose how you are calculating it.

With the level of fraudulent applicants and the increasing regulation on rentals it would be best to use a professional manager to at the very least lease your property.

If you're not budgeting for major plumbing, electrical, renovations and other six figure costs, then you're taking a huge gamble.

Just comes down to whether you are willing to gamble on the local risk of liability.