It highly depends on the type of loan and lender.

But it seems that property taxes will increase extraordinarily high next year and coupling that with expensive home owners insurance.

Hi @Dana Boyd Both have quality data.

I live in the Daytona Beach area & finding something turnkey for sale that will cash flow is very difficult, the prices are still too high.

Tax sales may not get a lot of activity but whet it lacks in volume it makes up ten fold in quality.

Beyond 10+ units borrowers will want to connect with a reputable broker/lender with specific lending programs for high density complexes.- Appraisals for 5+ units take more time and are more expensive.

I would highly suggest NOT doing Windsor at Westside.

Ultimately I do not want to be over leveraged, stuck paying a high mortgage for extended time, or live in a home that needs work I can’t fund what are your thoughts and recommendations for how I should structure my first purchase?

In a high priced market like ours, off market distress, vacants and tired out of state land lords is the way to go!   

I am more in my BRRR phase so lower purchase price with a decent fix it but I would safely say prob still 70-80k loan price total.I have also been paying $885 - $1,000 for appraisals which just seems very high to me.