And the groundwater is incompatible for human consumption due to abandon mines.No utilies, no stores, no police or emergency presence for a good hour, no nothing.

Most of my locations are in areas that a store maybe 10 minutes away. 

Anybody here that reserves a townhouse In Palm Bay with D32 Invest builder in Florida for about a year and then they jack up the price by 25% basically taking away all the appreciation?

The same scenario occurred where we got a booking right away and thought the reservations were going to keep flowing, and then there was a "pause. 

And having reserves or cash flow is key - will help you absorb any unforeseen situations.

So call it $60K for the down payment, and another $8,200 for reserves.

We are a growing market with low unemployment but you will see a lot of the rental income going to covering expenses and setting aside reserves. 

Consider FHA loans for lower down payments and reserve for repairs or upgrades.

To start I made sure that I found a majority of my furniture from locally sourced companies such as thrift stores, Facebook marketplace, mom-and-pop shops, and so on because I felt if I'm going to do this right I want to support the local community I am investing into. 

You can refinance it into a conventional loan and that helps avoid the higher down payment.FHA also offers more wiggle room when it comes to DTI debt to income ratios and reserves requirements.