Even with appreciation, the rent-to-price ratios here still make sense.

We have an appraisal that says our house is worth much less, and I think it makes sense.

Whether it still makes sense will depend on how much you can defer vs. the basis.

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Does this make sense?

Quote from @Kaushik Sarkar: I’m exploring strategies to scale my real estate portfolio given the current mortgage rate Not sure much makes sense at 11%...Ouch....tough enough at 7.5%   Might have to put more than 20% down to finance....maybe 30% in North Texas.   

Makes sense. 

I’ll have to research cross-collateralized loans too - I wasn’t aware anyone was doing that but it makes sense. 

@Diego L.That's actually an interesting situation and a case where revocable trust may make sense.