I would also avoid doing that, and I think most people will agree...well I would pretty much BET most people on this forum would agree.I would recommend finding something that needed minimal repairs.

I think your best bet is a local investor there who understands that market and already has a portfolio there.

They are betting on the odds that you will miss a payment or go past the twelve month period.

But, I'd bet there are still ways to halt process right up to the moment when the auctioneer says, "SOLD!"

Find a REI coach to help you would be your best bet.

I'll bet the store to the left is for bridal gowns!

Short-term, especially somewhere like Orlando (versus a Caribbean island or somewhere that is an obvious vacation spot), will be very hard and you are much less likely to make any money than doing a long-term rental.

I separate out IMMEDIATE CAPEX versus ongoing capex.If landlord pays water I use 60% operating expenses total for vacancy, O and E, and PM.

I too am a buy-and-hold investor so I bet you'll enjoy it as well.

There are so many debates on these forums and on the blogs already about leveraging versus paying all-cash, you should be able to find them with no problem.