I'd much prefer to put $60K on a down payment and closing costs so I have $50K to fix it up.So a couple of questions: 1) Am I mistaken in thinking those kind of lower down payment products are out there for regular folks like us? 

That’s what I’m talking about.. having people on the ground who know their turf and can spot trouble before it smacks you in the face.From what I’ve heard, outfits like Northwest Preferred Property Management or Umbrella Properties in Eugene aren’t just running the numbers.. they’ve seen the weird mid-season repairs and the tenant personalities you’ll never read about in a textbook.

As for the Florida property, as other s have said, its a personal preference. 

Usually this comes down to personal goals and preferences.

It's one of the reasons I love this MTR niche.

Are there any good books to start understanding this niche?

I prefer a more passive approach at this point as I know my own capabilities.

I prefer young and hungry over worn and jaded. 

@Ricardo P. referred to that I believe. 

Preferably looking for a duplex or a single family home.