This experience highlighted the importance of thorough initial assessments and flexibility in budgeting, reinforcing the need for strategic planning and adaptability in real estate investments.

@Adam Cole not sure if you got this taken care of, but I might be able to help.

Seeing the situation, is my plan the best way to move foreward or does anyone have a better way?

Make sure to check everything carefully and use tech to keep track of what you spend.

After the tenant’s year lease is up, I plan to move out and rent the entire building.

I always advise potential buyers to carefully evaluate the specific HOA's fees, services, and management practices while performing their due diligence. 

I am planning to leave my current brokerage. 

The contract doesn't outline the process for termination at this early stage though, again, it's my lesson to learn, I will be wiser and more careful about this the next time I sign a contract with any PM!

Are you planning on pursuing any in the near future here in GA?

I have allocated $250,000 in savings specifically for investments, aiming for a conservative down payment of 3.5% to 5%, depending on the deal and financing terms.I am planning a visit to Florida in June to scout properties and gain a deeper understanding of Tampa's neighborhoods, including the greater tampa area.