But $40k is way, way too high a price.

This may be able to work if the ADUs can be added at a low enough cost that the NOI and cap rate provides a value high enough to justify the effort and risk.  

South Tampa, including Hyde Park and Palma Ceia, remains a top choice with its high-end homes and excellent schools.

Resulting in lower quality construction and/or higher pricing to try and match them.   

Market is overpriced for the median income and interest rates too high to cash flow.That being said, there are deals - one just needs to be smart

The tenant pool is pretty decent in most areas for nice rentals as rates have pushed up smaller buys too high for first-time buyers in some of the towns.

Great time to for multifamilies rents are high rates are dropping and values will continue to climb for 2024!

Secondly, take advantage of reputable sources that offer free, high-quality content.

Depending on capacity with work and kids, you could consider a high yield side hustle to create additional income that is devoted to early retirement of debt or funds set aside to purchase additional properties.3.

Highly recommend you check into Jurny.