So make sure the depth of the subfloor you have is strong enough to span the distance of the joists.

I think South Florida is a strong market and think there is potential for continued growth in the area.

In addition I would strongly advise against investing in any multi unit building that does not have separate meters for all utilities.

From everything I have learned thus far, I'd say that the Atlanta market is stable with strong potential to maintain growth. 

We also need to have a strong team in place or boots on the ground.

Your resident manager is either a blessing or a total curse in this scenario...............if he/she is inherited you might just arbitrarily have to put someone new in that spot-the temptation is pretty strong from how I imagine rents are being collected and reported. 

Paying a proficient short sale negotiator is worth it's weight in gold to increase the chances of a short sale being completed efficiently and in keeping a strong line of communication with all parties.

One aspect I’m having difficulty with is identifying a strong property management company in the area and I was hoping someone with active properties in the area could make a referral.

Financially, I am fairly stable with strong credit (730+), and working a entry level tech recruiting job allowing me to save roughly a quarter of my salary after bills, entertainment, and etc.

You might get a few bruises along  the way but stay strong and in control.