Your PM figure is low unless you have someone in the 5-6% range like you are showing. not a ton of cashflow, but not bad if you are gona live there.   

It doesn't have to work perfectly numbers wise if it's a place you really want to live in, but you also shouldn't buy a bad deal just to get into a great area. 

There are god ones and bad ones out there so do your due diligence.

It is bad form.

Florida is a great place for RE investing. Will the possibility of higher corporate taxes, a state income tax, free healthcare, $15 minimum wage and making Florida a sanctuary state impact real estate investing and re...

You'll have to tell me what they said in order for me to think you can already tell they'll be a bad tenant.

The choice is yours and the more knowledgeable you are about the real estate investment, the better your chances are of getting the kind of return you would like to see.Real estate is a marketplace, and caveat emptor is a time-honored rule.

Then it's almost never a bad time to buy.

I believe the difference between the people that want to get in investing, or buy a property and stop and the ones that have the courage to keep going and learn from their experiences, good and bad is the Mindset and understanding investing at a deep level.Good luck to you and make sure you buy your first property within the year the latest.

True, I'd avoided bad consumer debt, worked on my 401K, and did some saving, but I never started building a snowball toward wealth and freedom from a cubicle.