My main concern is the limited cash I have available for the down payment and renovation costs.

Due to high interest rate and almost $10k of property tax, we negative cash flow over $10k in 2023.

The property has been drawn up and is permits are ready so it's just a matter of finalizing the cash for it.I know Tampa area has been booming so it generally seems like a good idea.

I am looking for some people to connect with in that area that may have more experience as we are out of state investors and have heard that Mississippi has great opportunities for cash flow and for people starting out in this industry. 

First a cash snowball approach to build up your cash.  

High cash-on-cash return3.

Unless you buy this with cash most mortgage companies will not allow a purchase in an LLC.

My strategy would also be going for more price appreciation than cash flow. 

The condo doesn't have an elevator, but the other amenities are listed below:Amenities included: Common Grounds, Fitness Center, Gated, Reserved/Assigned ParkingServices included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash, Water, High Speed InternetThanks in advance for any advice!

Year 1 is going to be tough to cash flow, but the population has essentially doubled in Fort Bend County in the last 10-12 years.