A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

You will have spent real money to get financial reports that likely show a combination of mismanagement (but likely not illegal) and general inept business decisions, which still won't get you money.I am sorry you had this experience.

Was truly one of the best financial decisions of my life. 

At the end of the day, the list price is your decision.

I figured this would be the perfect place to connect with like-minded people, get advice, and explore more resources to guide our decisions. 

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

I will be sure to talk it out with everyone involved to be sure I don't make any rash decisions.  

I think your biggest issue with any "work-arounds" is going to be your legal liability and holding the proper insurance in case something goes wrong, which I'm going to assume you'd need to be properly licensed in order to be properly covered by insurance.

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

But I always leave the final decision to them so I'm not liable for their decisions.