Their property has a TON of potential and I can envision it being a great success.

Understanding this information can be advantageous, whether or not a property manager is involved.Being well-informed about the eligibility criteria, application process, and benefits of the Section 8 program can greatly assist you in navigating the housing landscape.

@Shaun BeckRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

But they inform me 30 days in advance that it should be ok right?

The landowner will have a great negotiating position when you have built and maintained a rental property and are desperate to renew your lease or purchase.

Ideally, if I can find something that provides a net cash flow of around $200ish for my 1stdeal, that would be great.Any advice from the BiggerPockets community would be greatly appreciated.

While duplexes seem like a great starting point, I'm also open to considering fourplexes for potential increased return.Here's my situation:Investment capital: $200,000Risk tolerance: Moderate (willing to leverage, but strategically)Experience: New investor, but I've been devouring BiggerPockets books for the past 2 years!

It seems like a great draw for people especially if you are a few blocks from the beach.

I am located at Central Florida area, and I believe that even with the high prices, higher interest rates and huge supply of real state down here, still out here many great opportunities.The market still hot, we just need to adjust the approach..... at least are my guts feelings.v/r

If not, you said it great, ignorance will only go so far before it all comes crashing down.We need to know our business by working IN it, once we do that we can starting working ON it.