IF you have zero experience in an investor, this is your first property, and you are not a season contractor who knows exactly what renovations can cost, take your 25K budget and increase it by 50% minimum.  

Selena,Depending on location May - July can actually be peak season in FL.Sent you a colleague request!

While I have done a lot of research on my own, I definitely could use some mentorship from a seasoned vet in this market.

Plus the guy previous to him I had no issues with, quiet as a mouse.Thinking of kicking him to the curb now that it's rental season (by May 1st, since he will be out by then).

I have a VERY detailed deal analyzer that works well, but I was hoping the more seasoned folks out there have a few tricks up their sleeves.

Evap coolers don't really work during monsoon season because of the humidity and they are a nightmare to maintain.  

Once they have seasoned a bit things might change but ours is 6months old and banks don't really like using it as viable income.  

Logan McCray One thing think about is that the HOA dues come regardless of if you're in peak season or not.

@Jonathan Spaeth If you want conventional Fannie/Freddie 30 yr fixed financing then 6 month seasoning is a requirement.

I am a seasoned investor who currently has a decent portfolio of buy and holds consisting of multi families, single family and condos here in NJ....I manage these myself while working full time.