Hello, I am just starting out and have my first property renting out bring back around $900 a month while no maintenance or other issues arise.

The only other tax issue not covered is how long you need to hold an asset before selling it to have the profit considered capital gains versus ordinary income.Check with a tax professional on all this.

@Ran Fridman the main issue most owners run into early on is that whatever tool they are using for accounting isn't robust enough for tax time.

Are there any issues that are complete no-go's?

I have had issue after issue in my apartment.

Are you wanting to be on asset management calls and dealing with issues that arise?

With the turmoil in the Market in FL, you may want to ask about the things that would cause issues getting coverage or causing higher rates.  

The issue is the ownership exhibit for distributions of proceeds for sale. 

There are several different options whether it be passively investing utilizing some of the larger companies who do all the work for you or more active investment that will make your money go a little farther if you are comfortable doing more work.

I would call a plumber for the water heater and leak issues.