I prefer to stay further from the coast and hopefully further from major storm/flooding events (potentially lower insurance costs).  

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

Make sure it's one that's also insured.

While this can be good for long-term appreciation, it can also impact cash flow for buy-and-hold investors.Insurance Costs: Florida's hurricane risk can translate to higher insurance premiums for property owners.Competition: Florida's popularity attracts a lot of investors.

the unfinished basements have plumbing in place for drains and egress windows.

No longer can buyers underwrite to $1,000/unit payroll and $250/unit insurance expense. 

The rest, put you on near-worthless drip campaigns, don't understand calculating the offer price based upon rents - property taxes - insurance - MNT & Vacancy percentages, etc.DM @James Wise to schedule a chat with him!

It's not your fault that the tenant has to vacate, so the tenant should have insurance to protect them against any additional expenses.

I'm thinking of selling my personal residence on a wrap, but I wanted to see what you thought about these approximate numbers (rounded for simplicity):$140k sales price$30k down payment from buyer$95k owed on my existing mortgage @ 4.875%$550 P&I monthly payment ($650 w/ taxes and insurance)Seller finance the $110k left w/ a wrap w/ a 3 year balloon.

Start small and aim for properties that cash flow well, even after accounting for taxes, insurance, and repairs.Most importantly, keep taking action!