Hello,I recently found BP and have been devouring everything I can from forums to podcasts.  What am amazing resource.  My wife and I recently (February of 2018)  purchased our first rental, a 3 bedroom condo we paid ...

Be prepared for unexpected repairs, difficult tenants, tenant losing jobs, etc.

DC to Boston has flights every hour out of 3 different airports for pretty cheap, so I was able to get there fairly easily, but I didnt have to go there unexpectedly about twice a year to deal with crap.

The superior investor has a plan that includes a strategy for dealing with unexpected setbacks.

Renovations and renting rooms is really what led me in the direction of investing (albeit a slow, windy one). 

The direct consequence is that our initial cash-neutral property just became CF positive in Year 2 and it will keep improving year after year (as long as you can increase rent in line with inflation, and that expenses also follow the same pattern).

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@Phillip Denny When it comes to IRA, you can convert an IRA into self-directed IRA account or open SDIRA if you're qualified, or in some cases into solo 401k if you're qualified.

Can any one guide or push me in the direction to were I can get good protective lease for a Florida residence? 

But am not sure what direction to go.