The exterior we removed all sheeting and replaced everything and installed vinyl to update it.

Identify any items that need replacing.2. 

Another expense is replacing items that are broken, stolen, or worn out over time. 

Just based off statistics the vast majority of people (nevermind the vast majority of RE investors) will never replace their W2 income w/ RE income.

Unbeknownst to everyone until of course we had to replace some drywall and all these needles came pouring out.... hahahahahaha I had some experience too, except it's bunch of pills.

Are you thinking that some software will replace a hands-on property manager? 

Additionally, since you need to replace your vehicle soon, you should consider how that $30k purchase fits into your overall budget.Take a close look at the current housing market in Orlando, where prices are around $400k for decent homes.

Does the 60% the condo-hotel takes include the HOA fees or utilities or replacement of furniture/repairs to the unit like plumbing or stuff like towels and sheets etc?

Replacement Cost policies.Basic vs.

So you may need to supplement more outside money to the purchase.You can always choose to add cash so you end up owning your replacement property with no debt.