I’ll adjust my original post to reflect that I have other funding available to me.

It all depends on your other income and losses that will reflect on your tax returns. 

., the relationship should also reflect the fee

That square footage is not currently reflected on the assessor records, which is what goes on a real estate listing (and subsequently is how much people evaluate the selling price).

I just pulled this off the MLS which reflects the data for Tampa

At the end of the day it's your property and its a reflection of you.

Updated for the first time in nearly 30 years, the maps better reflect the flooding risk homes and businesses face."

@Jennifer Presley-Sanderstax assessments do not reflect the actual market value of a property you should not rely on that and you shouldn't rely also on Zillow's Zestimate.

Cash is king so I do appreciate this post to reflect on current risk.

When the inevitable non-payment happens (and lets not kid ourselves, it is a forgone conclusion that eventually a tenant in a d class property will stop paying and is in no way shape of form the PMs fault or a reflection of their screening abilities) the PM takes a course of action that they believe is best based on their expertise, the same expertise you hired them for.