Costs:loan: $3100Tax: $800Insurance:  ~$150Cap expense: 3 * $250 = $750Maintenance: $250Vacancy: 5% of $2000 * 3 = $300 (this is very conservative compared to what I actually have)Misc: $100 (this unit does not require a gardener but I am unsure of how laundry room is powered and other utilities)Total: $5400Rents: $6KLaundry room: $150Total: $6.15KSelf managed cash flow: $750Note with property management at 10% it would be virtually cash neutral ($150 positive cash flow).Note I have less than 5% vacancy. 

That's pretty much universal anywhere.  

So my advice is to put your desires out into the universe and see what comes back at you.

You might appreciate the towns surrounding Daytona because of the colleges and universities we have nearby (Stetson, Embry-Riddle, Daytona State, Bethune).

I graduated university a few months ago with a degree in Finance and Marketing.

Purchasing 6 fam in B area that is close to a university and business district. 

What I can also do is partner up with my mentor (investor) on my first deal just to get some cash flow so that I can continue to save for the 2nd property; my mentor could chip in another $10K, and we could even buy out of state since $100K MFHs up north is virtually nonexistent unless it's way out west in my state, or a dump altogether. 

Actually I hadn’t even thought about that being done until I saw her talking about it on a Virtual workshop.

She worked for the University, so literally got free tuition if she maintained a certain GPA. 

I am looking to invest in multi-family homes in Orlando, FL around University Dr. near UCF.