Cons: Higher property insurance costs due to hurricane risk.

I will give you the numbers then tell you mu strategy idea. house purchased for 415,000 in august of 2020 at a sub 4% rate but I treat it as 4% because I am not 100% sure what the rate is (I am getting into contact with realtor soon don't worry)The house could rent for 2,500 per month at minimum and I think I could get 2600-2900 but not 100% sure.It is now on the market for 600, 000 but I think I could get it to 575 since it has been up for a couple months.well 575,000 at a 7% APR is way higher than the rent so I was thinking I could do a seller financed route.

Person A has the renter's insurance while Person B does not, but Person B's belongings is "mostly covered" by Person A's Renter's Insurance.

The Brevard Chapter meets tonight the 18th and tonight’s topic is “Ins and Outs of Insurance in a Changing Market”.

I still live at home with my parents, so I don’t have any expenses besides car insurance and phone bill.

Doesn't matter the strategy, location, or unit count.

In most places you can only do work requiring a building permit if it is your primary residence or unless you are a licensed and insured contractor. 

Have you thought about different strategies / properties you are intersted in?

Look at their marketing strategy.

I have actually seen people that claim to have a great investment, but neglected to put something like property taxes, repairs, insurance, management fees, or payroll in their numbers.