It's out in the boonies, but I could see potential to use the acre land to store boats charging a dry storage fee since it's pretty close to some local waterbodies if renting it out was a bust.  

Many landlords in that area just milk those properties dry with cash flow and deferred maintenance. 

I bought an Automatic Link http://www.amazon.com/Automatic-Link1-ON-Smart-Dri... and use it in combination with an IFTTT.com recipe to save all trips to a Google Drive spreadsheet.Here's a screen grab of how it tracks.

We already have 1 presold in this new project and it is being dry walled right now.

Teens and twenty-somethings can be very hard on an property; I should know, I have 3 (teens and 20-somethings ;).Ocala has a very strong rental market as well, but the "steals" are drying up fast.Best of luck!

Run a dehumidifier or three to keep the house dry until the removal is completeI am finishing up a rehab from a moldy house.

If there were no rain screen behind this siding, water that gets past the siding has nowhere to go and will not easily dry out. 

I have had sump pits sit dry for years then pumps start running daily one year. - Drainage is the number one issue.

We started buying MFH in 2013 when single units dried up at the courthouse steps and short sales.

(Hard to gauge but a rough idea won't leave you high and dry when they put a new roof on)As a new investor, I think building yourself that cushion is a wise decision.