I'm looking to find deals that would cash flow better than my current investments and from what I've seen so far Orlando is a good option. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

That along with taxes and insurance...even more than higher rates...are making the DSCR a bit harder to get to cash flow at a 1.00X or better.

I may be biased, as a local, but there is no better place to buy real estate than Florida.

You can earn a good income, learn how to be a better manager, network with investors, and maybe even have your license to buy/sell.

They need only 3.5% down, so they're better for first-timers.

Investors tend to fall in love with certain properties they own, and stick with them even if something better comes along.  

I'd say the question is better suited for your financial advisor, who can determine the best use of the money.

The mortgage terms might be a little better if the buyer got the big sexy national tenant with 17 years left on a NNN lease, but that's not our scenario. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical. 

Refi is better option I think