You could make this work ST, MT or LT, depending on how you approach it - the key with unique grounds is owner-provided upkeep and service built into the listing and what permits allow. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Residential property rental: Could this be a scalable and profitable approach, or is it too risky?

While there are great wholesalers out there (not dissing the wholesale community per se), they are not in this for you. 

Orlando has a very active real estate investing community with many meetups for different niches.

Aloha, BiggerPockets community!

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

If you can get a loan and live roughly for free then I would if I planned to stay in th community.  

Here’s how:Property Management: Outsource for $25/hour instead of spending your time on tenant issues.Administrative Tasks: Use virtual assistants for scheduling, bookkeeping, or paperwork.Maintenance Coordination: Delegate routine repairs to trusted contractors.The cost of outsourcing is often a fraction of what your time is worth, freeing you to focus on high-impact activities.