I loved the fact that several extremely experienced investors like @Jay Hinrichs mentions the real cold hard facts within this industry.

.$725 - $450 = $275/mo..............times 12 mos in a year equals $3,300 a year times 8 units equals $26,400 a year YOU are missing out on.By the way.....once the people that are paying $725/mo realize that there are others paying $450/mo ............and that they are the only ones paying this you will have extreme animosity from the tenants you just put in.Generally............not always.........but generally..........tenants that give you problems are NOT the tenants youput in, but the tenants you inherit.Have the property manager put together a nice professional letter to the other 8 units explaining how as the new property owner......you are coming up with a new lease and that includes bringing everything to market rate. 

I have paid thousands of dollars for people who I actually knew more than..was a complete joke and I was extremely disappointed.

You are probably better off tracking population changes and permits granted, projects started and projects completed.Even if you find a pattern, the extreme distortions in the market like abnormally low interest rates may make any conclusions questionable.I am not suggesting you do not try, as you will learn a ton in the process.

The real estate industry is very competitive and EXTREMELY expensive with  large overheads and you will need to spend a lot of money on marketing if you want to build it into a successful career.

In South Florida I'd say it's extremely difficult to find a property that would fit the 1% rule... probably if you start looking much farther out, maybe in central Florida?

@Serj Savchuk You have extremely low liability at only $100,000.  

While I do not subscribe strictly to either major political party, I do notice a correlation between sometimes extremely restrictive landlord/tenant laws and the color of the state on the electoral map every four years.

I am extremely interested in the downtown Winter Garden area so I watch it very very closely and I am now working with one investor and one family wanting to purchase in the area.I have been listening to the BP podcast in the car for a few months now (just about all I listen to) so I feel like I have picked up a good bit of knowledge from it but it's nothing compared from the knowledge you gain doing a deal.  

As I'm sure you know, homes around this area are extremely expensive and hardly worth buying to rent out.