I started with triplexes as well!  

Downtown str's have done well and it's convenient to the front gate of NAS Pensacola but you could also consider near the beaches of Perdido Key since that is convenient to the back gate and it's a more traditional tourist destination. 

Does the 5% down applies on buildings with more than 4 units as well? 

Theres many benefits being well capitalized. 

The money exchange between banks, that countries government and ours all will take a cut as well.

well, duh.I'd put this in unquoted text but I don't see a method of disabling the quote format in the text editor.They can ask you to serve notice so one unit (or both) are vacant at the time of possession, but if you agree to that make sure you have a large deposit and some of that is not refundable if the buyer backs out as you will need it to cover the lost rent. thank you.

Lavette,Lets Network I am in Florida as well and have an office in Miami and Tampa. 

Quote from @Mike Wells: Be careful of shiny object syndrome.

This will require a set of professionally prepared loan documents.

I created BrightInvestor and would be happy to chat about how we go beyond just market research but also help you find the properties well - with free owner phone numbers and sales comps.