A couple of the properties I am looking into would be BRRRR's so this thread really caught my eye! 

I do this for asset protection, it's easier to track expenses, bank account activity, provides privacy (LLC name on the lease, not my name) and is more professional in the eyes of the IRS. 

Of course we would not have separate meters to track how each tenant utilizes utilities so that could be challenging, but at least mother in law would be here to keep an eye on things and she will of course pay and be sure the home doesn't get trashed.Option 3 may be easier to manage just one tenant and they could pay utilities, but we won't know what kind of tenants we may have.In any case, I feel better about having a property management company help since my wife and I will be an hour a way and I don't want the calls at 3AM if something goes wrong in the house.  

We are just partial to Palm Bay Area.It’s been about 4 weeks and waiting to receive addresses to choose from.The homes in Poinciana seemed to have more eye candy ,recessed lighted ceilings in the master and fixtures were of fancier style than Palm Bay Area homes2 different builders of course but Palm Bay is close to beaches the other cities are 45 minute to an hour drive.

If you are told your job was keep an eye on the property and follow the language in the lease that is on file, what would you do in this situation?

In my eyes the house needs quite a bit of work, mainly cosmetic, but with a few concerns regarding electrical, plumbing, and fuel tank. 

Get boots on the ground so you can keep an eye on things.

Having the second set of eyes that knows your target area and analyzes deals on the regular will be of significant value.

Examine each one on its own with fresh eyes. 

You got to go into these price points eyes wide open and accept that fact.