Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.  

Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.

In addition to property sourcing, I require an agent who can negotiate effectively on my behalf, ensuring I secure the best possible deals.If you have experience in identifying distressed properties or working with real estate investors in Florida, I would love to connect.

Here's more context.Hi Zen,Right now we're focused on Los Angeles for our PM services but we are actively exploring new markets so I'm happy to chat.

If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment. 

I won't go into all the details, but there always ends up being a significant problem in the documents I get or don't get, in negotiations, etc, and the trigger never gets pulled.For a variety reasons in addition to the above, including my wife's encouragement, I've decided to take a serious look at going the real estate route instead.

And add an additional security deposit, but more importantly is "Why".  

Stock market returns have been good and I don’t have the headaches of dealing with any additional houses or guests.

Once you have cash in hand, you can unlock the unit for 24 hours and let him move his stuff out.I would also consider charging an additional deposit of $500 or something, just to prevent him from leaving all the trash or stealing your refrigerator.

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.