When that happens you will have no choice but to use your savings to pay off your house or refinance. 

But of course for running a rental property, it's really not smart to cover up exterior trim with that flimsy vinyl-covered aluminum glued in and "sealed" with a thin bead of whatever caulk they use.

Get your systems right, track your numbers, be smart with your money, get educated.

One is absolutely not exclusive to the other.The choice to use them is based on your risk tolerance and cost/reward ratio.

Greater the risk greater reward but I want to make sure I'm making a smart move. 

It's a per investor choice.

As a business owner, it's also a smart idea to have a General Liability Policy to cover any unforeseen issues not covered by the other policies to minimize the potential for litigation.3. 

@Kenia Crevoisier if the work requires permits, the plumber doesn't have a choice to do it legally without permits.

I agree that there are limited choices to learn. best to meet local investors.Chad is awesome, I follow his stuff on YouTube, how much of his Canadian experience is applicable to US?

Clermont, Winter Garden and even Apopka would be good choices for building appreciation and still have a good commute.Your budget may determine what areas are going to be attractive enough, but the rental market is always strong here, so I wouldn't put too much weight on that for now since you plan to live in it for a couple years first.Always happy to chat, just message me and we can set something up and see how we can help you plan or take action now!