Hi @Rehaan KhanWe just purchased a primary residence as first time home buyers in Dayton and one thing I would be wary of is foundation issues.

This is the best place for all things real estate related.

And don’t forget about all the normal wear and tear maintenance issues.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The biggest issue is often understanding rent, it is often underestimated.

It has never been an issue deterring tenants with good credit scores.

At least then they don't drive you crazy with nonsense issues, probably of their making. 

Hello, I am relatively new to landlording in Florida, and would like to know what are the best and worst months to find tenants.

Self-managing properties also means you'll want a market that's not too demanding in terms of tenant turnover or maintenance issues.

For example, I've seen where a hobbyist investor/developer works on project, they hire an engineer and/or architect, but they ended up missing something vital, i.e. drainage issues, environmental, fire dept review, planning the wrong type of product for that market (buyer & renter demographic), etc.