@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

If i was giving someone 65k I would be on a plane and meeting them in person.Cannot say this about this website, but there are plenty of scams out there to take advantage of those in distress, including syndicators.

It includes a lot of good/bad examples.

Regarding the condo/townhome situation in Fort Myers vs Bonita Springs, I would say the more important things to focus on would be the association fees charged, what is included in those, and the rental restrictions of the association.

Down payment of $13K including reserves sounds pretty low to me . ( Based on Maryland )

It indirectly impacts the credit score, which would be included in either metric.

HOA is currently $172/month, with and additional $44 for club fees, covering club amenities, including a gym, boat lift, a restaurant etc. 

I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement.

I'd estiamte a pricetag of $20k including panel upograde (although you didn't mention size of house).Problems below vvvv*Unsafe modifications are far more common with K&T wiring than they are with Romex and other modern wiring systems. 

. $69k for a 3 unit with gross rents of $2k a month and total expenses of $800 a month which included management and capX.