I think this is not very realistic for most rentals as with even the best PM in the world, at the least you will be writing checks for something associated.

Also, is there a significant cost associated with rolling funds over, or can I do that as I need to?

Either way very skinny deal. and I suspect your TRUE cash flow will be far less than 600 bucks once you factor in all the running costs associated with leasing the property.

Add to lease that temperature is never to go below 50 degrees.

Does this matter to a significant degree?

Hi @Rafael Gomez when you calculate the potential cash flow of a rental property, you need to be sure to include all costs associated with buying, holding, maintaining, etc, like vacancy, costs to show and rent, capex, repairs, property management, etc. 

Beware that the majority of condos in Florida prohibits STR’s (not explicitly, but will they have minimum lease duration and a maximum number of times per year you can rent the unit) and those that don’t, know they’re part of an elite few and charge all the money for them because they know an investor will buy it.Make sure you read the condo association’s rules and regs before entering into a contract. 

As an owner, you will be responsible for the roof, siding, etc. through an assessment fees.Assessment fees are payments the homeowners' association (HOA) collects from owners to cover expenses the HOA is responsible for, but that aren't covered in the regular monthly fees.

In 8 months, I will graduate with a Bachelor’s degree in Project Management.

Carey and Associates in Camp Hill are experienced in simple to complex real estate