In any market, if the numbers work for you, it can be a good investment.

Property is still on the market and I am sure if I can find the funds they would consider me again.The property is going to be a challenge but since I don't have experience in investing I don't know if a hard money loan would work.Any ideas in funding? 

most of the builders that we work with are able to pay more points for the investor than sellers on the secondary market.  

Agreed, seems like a tenant to keep as long as they are paying market rent.

Great market for BRRRs

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Hey Michael, there's plenty of folks here and local meetups for you to network and pick their brains.I would connect with some local investor-friendly agents in your market.

It works out greatLong term low impact tenant at higher then market rates.  

Additional relevant provisions in the contracts:"Title Evidence and Insurance: a title insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see STANDARD A for terms) shall be obtained by the Buyer. 

Or wait and scan the market for a multi family I can afford?