@Daniel Masarick  There is so much to learn.

and you can get a fast boil and low simmer, it is so much better then regular electric. 

Challenges - Because the space is so small, it is hard to keep tenants in the space.

Or it is so trashed that they know there is no possibility of getting their security deposit back.

. :) There is SO much information and there are so many helpful resources here to tap into. 

I didn't realize that the New Orleans market is so completely saturated...I'll have to try to broaden my search in location while looking for potential properties.

An option you might want to consider is short term rental (Airbnb, VRBO) since it is so close to Legoland, you have families visiting that area year round, and one good advertising advantage is since Winter Haven is central to Tampa and Orlando, families can use that location as a HUB to visit Busch Gardens, Universal, Disney etc.Of course if that was an option, make sure to check local rules and regulation for short term rentals.

I've realized that despite my desire to protect/provide the best environment for my downstairs tenant, there is so much I can do.

This is why multifamily is so fun. 

If the market is so hot then why not sell and buy an asset where you can force value?