New builds in Florida are a smart option because they will have much lower insurance right now, but that also means the cash flow will be lower and appreciation stunted for a while.

Along the way, I've been diligently saving and building my credit with the dream of owning my first property.

You must analyze all the data (size of properties, # of properties of each size, location of best producers, regulations, # building permits for that size issued in the last year)3.

I'm actually about to replace the front door on my apartment building and was probably going to go with Fiberglass. 

Obviously if it was more than like an 8 unit building it might be best to hire a management company.

I can send you a list of contacts in Ohio to help you build your team, property manager.

In terms of mitigating your risk - particularly if you buy a condo - consider a newer building, steel or masonry construction, a unit on Floor 3 or above where Flood insurance wouldn't be necessary, larger buildings where costs are spread amongst more owners, and buildings with a financially healthy HOA (track record of good management, reserves in the budget to cover large capital expenditures, etc).

Is building an ADU a good idea right now, or ever in this area?

To provide clarity about my situation, I am currently job transitioning and would greatly appreciate insight on building a portfolio with income limitations.

I have been looking for opportunities for a while now for a fix and flip to start building capital to eventually build up a rental portfolio.