Your realtor should be the first source of guidance.For anyone here to provide you some guidance, you have to be more specific on the ask.There are always many things to consider when planning for different strategies.

PM companies charge a lot and if you don't have multiple rentals why pay them? 

We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

@David Lewis:-) I advise most of our members to read "Acres of Diamonds" then let's have a discussion, if you want?

A lot depends on the product.

New York is hard to evict people and you'll end up spending more time and money doing it yourself.

It's now almost impossible to get a mortgage with a FICO score under 560-580 range.Overall, the housing market has higher average FICO scores and more equity than the 2008-2010 period.This makes it much less likely we'll experience another Great Recession, but there are no guarantees.

those I think the basic of my questions.Thank you for responding and helping to understand more. 

The “hot tub show” models will work, but you will do more work on them in the end.  

More and more states are coming along for approval.