Leverage technology early and put everything in the cloud, so you can access info wherever you are.Make sure to get properly licensed and obtain E&O Insurance.

With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.

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

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

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 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!

Laws, taxes, insurance, adventure, new challenge, grow skills, etc. 

I will insure the property as a non-owner occupant. 

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

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