You can easily spend a few hours a week or less due to how automated it is. 

First, you are paying interest on the existing mortgage, then you will cash out the equity and start paying interest on that money.

I know in other areas on the country they don't look at anything above 70% of ARV.I tried to fix and flip 4 hours away from where I am, and didn't enjoy it.

In the future, I would love to start with owning multi-family rentals and eventually get into investing in high density rental developments.

Start with BiggerPockets Ultimate Beginners Guide (free).

Don't settle for properties that merely break even; aim for those that generate consistent income from the start.

or maybe anywhere an hour or so away? 

Hi @Sabuj Banerjee,In general, in the Southwest FL markets, cash flow for SFH's is expected to be slightly negative at current interest rates, so I would recommend starting with a multifamily propertyNew construction duplexes can be found in both Lehigh Acres and Cape Coral.

This started a few months ago.

We have 6 new construction duplex units that will be available to rent starting in September.