Surprisingly there are not a ton of units available, saturation is not a huge issue in those specific areas. 

Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.

If the drywall cracks in the next year or two, or the doors start to stick, then you likely have a larger settlement issue going on, and will likely need to call a foundation repair contractor. 

It gives you access to funds at a relatively low interest rate, and you can repay it as the rental generates income.

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

I think this the best topic to shareSharing stories about how people got started making money—what worked and what didn’t—is such a relatable and inspiring topic.

So far, I haven't had any issues renting my unit.

Our main issue is these properties are owned in an LLC.

It did find some serious credit issues with the first applicants I had, and some minor ones with the second applicants.