Most would agree the top three are interest rates, taxes and insurance.

The insurance rates have skyrocketed in FL.

Would you rather invest in duplex in CA that breaks even or invest in RE syndication for 2 years that offers you expected 18% annually Example: Duplex in CA costs around $600k, down payment $120k, rent = mortgage payment+real estate tax + insurance (if interest drops by 1%, then expected cash flow could be $200-$300 per month) RE syndication is offering 18%, in 2 years, I can expect to make $43,200 without lifting a finger..The numbers are favoring more towards RE syndication, in the past I have only done rentals never invested in RE syndication.

If you feel like you have a good location with good amenities at a good price, don't lower your tenant standards just because you have a vacancy coming up.

Let's say your taxes are 2k per year and insurance is 1k per year. 

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

My property management company's insurance could cover the liability of a handyman, but this beyond hammer and nails.

You have 3 people and 3 cars, then you get a GFs or BFs so I have a car limit for the property to insure that you don't get some guy with 2 or 3 cars plus a couple significant others and you have a parking lot.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

(We have a pool in our primary only becuase without dogs or kids, rocks or grass both seemed like a waste.)It doesn’t seem to affect insurance quotes at least here.