I am looking to do my first deal.

That means you may have to deal with tenant turns, some vacancy, some variance in rents, etc.  

Especially with the cash flow you're getting, great job on this deal, what a winner!

Hey Michael, Not sure which book you read about wholesaling, but here's the deal: wholesaling is mostly about sales and marketing.

I recently invested in a small multifamily deal outside of Detroit that I found through twitter!

Anyone offering you US debt at 0% is a scam.Anyone offering you a yield of 50% is a scam.There are deals out there but you need to put in the work and find them.

Florida is a challenging state so I would highly suggest working with a broker familiar financing deals in this area.

no one really wants to hear this though... they want the shortcut.there are also ways to recycle capital, like the BRRRR method, which works but is tough right now with interest rates so high and deals tough to find (and 10 other things, but those are big ones). 

The biggest thing you will miss out on is leverage/diversifacation plus mortgage interest deduction but as far as actual benefits outside of the above 1st time home buyer down payment assistance (many of the programs have fine print that often makes less of a good deal than just free money) no not really. 

I also invest lend on deals within my footprint.