@Tucker CummingsYes, if I'm understanding correctly we are on the same page.....Have the line of credit available when a distressed opportunity arises.  

I plan on keeping most of the funds received to manage the property if any issues were to arise along with what I have in savings if needed. 

Another thing I will mention is that if ARV is what you are after, focus your rehab on creating popular styles that a lot of people will love.

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.