I like that, unlike with say trading for a hedge fund, I can create opportunities for others rather than solely line the pockets of someone richer (that being said I still intend to make money).

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

My primary focus is on properties in Miami and the surrounding areas, including Homestead, as I’m familiar with the market here.

Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.

Not sure on that front.

Ethan, how is Detroit not on this list?

 @Jessica Frisk I would not be keen on the 15-yr fixed rate mortgage if that makes you cash flow negative.

Two Reasons: First, because 50M people in this country either work gig jobs or are illegal immigrants, when they lose their jobs or have their hours scaled back, it doesn't show up on official unemployment stats.

@Stefano Vrolijk it all depends on your credit history, whether you have an SSN/ ITIN and how much you can put down.