while you will want to get it rented soon, be very wary of people who can move in right away-why can they move in immediately? 

I'm one of the few people admitting to anticipating a real estate crash, probably a market crash, probably a devaluation of the dollar.

If I'm following this correctly, the 1st issue I see is that you have an "active" business (consulting) versus a "passive" business (the rental property, assuming you don't do hands on management, etc.)...this would be a separating line for many people I've talked to about this. 

I think some people are still waiting while others are jumping in.

Feeling pretty discouraged when cold-calling people who are in preforeclosure.

I think I was looking through people's comments about PMs in SW FL.

I would worry much less, at this stage, about which account is going to earn you more than how to make more money at your job or take on a side gig also to enhance it.A lot of blogs and people will have you focus on the micro here, not buying Starbucks, or getting a .01% better yield, but that doesn't really matter right now because it's not a big earn.

This should draw further capital and also people looking to relocate for the cost of living. 

(options to buy down into the 6s but I don't see many people opting to do that). 

People do it, but my suggestion is to not screw around with federal programs.