This is where having well documented photos and video of the property before move-in is important.

Hi BiggerPockets,I came across this video (haven't had time to watch it through the end yet): https://youtu.be/oQJRGgTBn6wThe economist James Dale Davidson, who got famous from predicting the subprime crisis among other things, believes that the US economy is about to collapse in 2017 and that real estate will drop 40% in the next...six months!

I want to drive by this weekendI don't think I'm ready for a realtor yet, I'm still saving for the downpayment , I should have around 11k by June ...I have 5500 right nowI will certainly play with the calculators, I was looking at the videos, here at BP yesterday.Does anybody knows good inspectors in south Florida?

Is there a video of the property?

According to RealtyTrac, flipping nationwide is back to 2006 levels (see video link below).According to the RealtyTrac:Top Markets for Flips:  Memphis (#1), Tampa, Miami, Las Vegas, Phoenix, Orlando, Biggest Flipping Profits:  Cleveland, Pittsburgh, Philadelphia, Baltimore, New Orleans.House Flipping Returns In Force (RealtyTrac - CNBC)

Usually you can get away with a 3.5% down, so 3500 per 100k.

As Family, it is not outside the realm of possibility that they have learned bad habits, not only not paying a security deposit, but they can probably get away with paying rent late, being under market, not following the rules, etc.  

I have found a whole slew of YouTube videos about wholesaling and rent to own that it seems a little bit too easy.  

Essentially, if you invest with the eyes of an underwriter and know how to assemble info about the deal (data-drive info, not smack: photos/video, sales comps, rental comps, cash flow summary in case you can't flip it, comprehensive rehab scope, security instrument samples and default steps for the lender to feel safe (define the worst-case scenario), your experience/bio, etc.  

I would recommend diving into as much content on here as possible with videos, podcasts, webinars, etc.Great job on getting your license as well.