In other words, individual policyholders are subsidizing the losses. - Inefficiency with payouts and administration will be compounded as the FAIR Plan has zero experience with a major pay out and lack infrastructure of assessors and technology to distribute the funds they don’t have.

It is a done for your type of program but they do teach you how to do it as well.

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

Mexicos second largest revenue source are wired funds from the U.S. by individuals.  

They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.

Hello @Tove Fox,You are not investing in a state, you will invest in an individual city.

I'm ready to get out there and connect with other individuals and create a team to benefit myself in this journey!

Cheap materials, thin walls, the LVP was peeling already not to mention the transient individuals in the parking lot. 

I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..

These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).