Given that you have a W2, you most likely do not qualify as a real estate professional since it has to essentially be your main gig. 

I really like the Nokomis area a lot - if you're looking at holding onto this one as a rental for a while, I'm sure you'll see some nice appreciation in the coming years too.Just curious, but did you do the full renovation after closing on it, or did it come pretty much turnkey for you? 

So a quick general rule of thumb if you want to analyze it like Zillow does, you can multiply the listing price by 0.0042 as an easy to remember number.

I look forward to connecting and working with like minded people!

Sounds Like 1 of 2 things here to me. 

@Anthony ZottoThe key in situations like this is to focus on building a genuine relationship with the property owner.

There are programs that offer 100% financing for many different people like Veterans, First time home buyers, (Certain states), Medical professional loans also offer 100% (Anyone with a Medical license).You also have Second Home or Vacation home which only requires 10% down.

Given my objectives as a young investor, which of these regions—Upstate New York or Florida—would you recommend as a more viable starting point for multifamily investments, considering factors like market trends, economic growth, and property appreciation?

Most new home communities have super HOA restrictions on investors, like you have to live in the home a year before renting and/or they only allow a certain % of rentals like 1% or all kinds of other roadblocks.Plenty of opportunity in North Texas, but for the most part stay away from new builds for rentals.

Hi @Juan MoraThis website is a great reference point for figuring out what each area is like.