Florida has just passed a state law defending landlords against squatters! 

As an individual, it is hard to open an efficient, responsible, profitable out of state network because as an individual you do not provide that much value for an agent or a contractor to run around and cater to you.But when you are part of a group that closed on over 4 million in real estate in six months and brought in over one million in local rehab dollars and put 50+ people to work and paid the city inspection office for all the permits, inspections, and reports then people cater you to. 

If you google, "how much are closing costs" you'll get a result from Rocket Mortgage (most expensive lender) stating the fees could range from 3-6% of the property's value. 

The house is in a bad state on the inside, but she will sell it to us for around $50,000.

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

However, Tampa+Orlando are projected to lead the state in appreciation over the next decade so that's why I personally chose to put all my focus and even moved across country to invest in the Tampa Bay market. 

At that point, they wouldn't be changing terms...just stating what the new terms would be if you took out a new loan with them.

If the city, county, state, or even federal government is ever in a situation where they can't pay... then we have bigger problems at hand lol! 

I have 2 rentals in my home state and am looking for my next investment/vacation Hoke for maybe 3 months out of the year.

Examine the property's state, rental revenue, and cash flow while taking location, condition, rental prices, and future appreciation potential into account.Assist your real estate agent in negotiating the conditions of the acquisition and submitting an offer.