If you are in the Tampa area and plan on purchasing there, I highly suggest you connect with @Josh Green.

Given that I am a complete newbie...what would you suggest? 

These are great suggestions.  

Regardless of how a certain asset class is doing, an investor like yourself can ALWAYS find a good deal in any type of property.Now, my general suggestion for all of my CFO clients is the gradually move up the unit spectrum/asset type as you build up your portfolio.

@Chris Seveney's suggestion could be a really good solution depending on the numbers. 

@Joe Villeneuve @Theresa Harris, thanks a lot for taking the time and provide some info/ideas/suggestionsTo give you some color for these properties, there is a 15 years-plan that my wife and I are planning to have arround 5 to 7 properties in the same $$$ range (-+ $200K) that we can rent them around $1600-$1800I believe after 10 yrs, I am expecting to a better cash flow considering some loans will be paid in full, but maybe the next properties will have as you suggest 30 year-loan. 

I have started my research on management companies in the area and will take your suggestions and learn more on this topic!

I would suggest approaching the borrower on an accelerated pay out with an incentive.

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on AGENTS & LENDERS. 

Hi All, Wanted to get some suggestions on best Low-Flow Toilets for Apartment buildings in a C+ building.