Finding a decent cap rate in south florida is not easy unless it's in a challenged area.

The cap rate is one thing but remember sometimes a higher cap rate is found in an area where you have a more challenging tenant pool, that is fine if you want to deal with it but I don't want to deal with it.   

Edwin I would look at your numbers closely and challenge yourself as to your projections.Low income is hard to push rents up.Let's say 450 a door times 14 doors = 6,300 a month or 75,600 a year gross.Is landlord paid water customary for the area?

I'd love to create an environment of like minded people where we can share our ideas and challenges that we face.

It is a very challenging business to be in.

Tenant should adhere to a healthy lifestyle and perhaps engage in professional sports like football lineman or basketball center. 

Until a Successful quiet title action(not all are successful), or a 4 year wait, the tax deed process is a cloud on the title, since the sale can be challenged, perhaps not successfully, but still challenged.  

What are the special challenges you have with this demographic?

In the past, I didn't think it was possible for me to engage in other activities other than working at my job.

Part of the value of the LLC is that it makes it more challenging for would be attackers and can deter the initial attack all together.