Hopefully after our conversation, you have a better feel for what to expect.  

Did you expect it to be that lucrative when you made the purchase?

Everything resolved as good as could be expected w/o court (albeit full renovation was needed.)

@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I expect my residential RE return to far exceed passive options because I expect to be well compensated for my efforts. 

That depends - if its a short term hard money loan possibly, but expect to pay more for it.I would first ask your current lender if you can extend the loan.

That is what you should expect from your tenants as well.

Maybe I'm naive, but I always expected Florida's rates to be worse.

The seller should not be expecting you to be the buyer, or surprised when you aren’t. 

Hi, I had a buyer locked in for 2 Atlanta properties title is already ran and the payoff came up higher than expected .