Do not buy a low income property if you are not willing to constantly be asking for the rent and sending all the correct notices for everything.

I check the tax assessor site to make sure I am sending the letter to the correct address of the owner in the first place.

Is it correct that real estate taxes in Florida are 2%-3% of property value?

If its the former and its still priced correctly, it will sell.

But you did the eviction part correctly, you just didn't "protect and conserve his possessions".

As correctly mentioned, the new CEO will be super aggressive.

Total Payment: $429Operating expenses: $375 ($750/2)Cash flow: -54Are my calculations correct, specifically assuming 1k for insurance?

I messed up the calculations in my first post, your calculations look correct.

Yes, you are correct... sounds like he is in not that bad of condition financially.

I know I know… It’s pretty easy to be optimistic when you are sitting in an appreciating area… But the point is this… You need to get in correctly, be prepared to make changes as you go along, have a plan “A”, and plan “B” and a plan “C”… Etc… Be flexible and be ready to change and adapt to the market changes…