I am left to wonder, though some investors with SFR's are doing it successfully, is the risk too high for the reward?

This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.

Strong rental markets with low vacancy rates are ideal for long-term holds, while areas with high ARV growth are great for flips.

Yes, I have been involved with several "mold" properties that still had high mold levels after remediation.  

Say you position in great locations where the experience is highly sought and highly valued with limited offerings.

there is tremendous demand for inventory right now, and as you have already found high prices and high rates have hurt cash flow. 

Cost of capital is high right now. 

Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

If you are in the Tampa area and plan on purchasing there, I highly suggest you connect with @Josh Green.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.