The answer to your question will be found in your state landlord tenant regulations or your local building codes.A year ago you should have studied your state landlord tenant regulations so that you understood the rules governing your business before you bought your first property .

I am trying to take this opportunity to study the market and purchase my first FL investment property.  

Again, as it relates to timing, I agree with Patrick that you should begin, now, to study the market activity.

My wife is currently studying the pre-license course to be an agent. 

This Wallethub study is interesting because it rates happiness.

I've been studying my local market here in Tallahassee and using techniques I learned through Bigger Pockets to evaluate rental properties and cash flow.

He studied Structural Engineering with me while doing the MS.  

Read/study your state landlord tenant codes and determine how to remove tenants. 

My speciality is creating value through design of real estate with feasibility and initial design studies.  

However, because the loans are commercial, the due diligence process is much longer and intensive than on a Single Family Property, requiring an appraisal, environmental study, property condition and some other case-by-case reports like Lead Based Paint, Asbestos and Radon.