If problems arise, I will have my property manager address the tenant's grievances.

And most real estate lawyers, despite their expertise in real estate, are unqualified to advise the clients on all the tax implications that can arise from it. 

One common and popular technique according to people online is find something that's depressed or that has a tax lien or some other way to avoid putting out a lot of money initially. 

I had a home I bought with a home warranty and they fixed problems for me as they arise but it was just putting bandaids on larger problems for my heater and Ac.  

I don't think you'll have a lot of vacancy, there's not much to rent in Hampden so not a lot of competition and it's a popular neighborhood.

Oviedo, Lake Mary, and Long Wood are within the most popular cities in Seminole County.Best of luck!

Memphis is simultaneously a very popular market to invest in, as well as one of the highest crime cities in the U.S.I own multiple rentals in high crime cities and haven’t ever had a problem, because I bought them in the right zip codes/neighborhoods.

If they arise,  then strike.

I would not hold a property in your own name because if the situation arises where there is a claim against the property not covered by insurance, all the assets held in your name become available to settle the claim.Insurance companies are a great resource for learning how to mitigate your risk.

Regardless of anything I do believe you should leave about $5,000 in a fund to handle any unforeseen maintenance or any issues that arise.