With that often comes very high risk.

Its important to know what exactly your goals are when making these moves and see what will make the most sense for you in the long run.When looking for your next deal, I highly recommend my local market of Milwaukee.

@Andrew Freed I did a material estimate and on the high side I expect to put around 38k into the rehab.

Also, using a low down payment option can be a good tool to utilize leverage. 

The triplex technically still has cashflow at the moment so I think I would be aggressive on the duplex then look at cash for keys in the triplex and get that done in one fell swoop. 3) Renting and Managing - While not the most expensive areas overall, there is demand in these areas from people paying at or above the top range I listed for high quality units.

I'm graduating High School in a month and I want to get straight into Real Estate, I'm 17 so until I'm 18 I'm unable to get my real estate license (though its not needed in the state of FL for assigning contracts) and I don't have an LLC that would allow me to sign REI documents. 

Does anybody have any spreadsheets or tools that they'd be willing to share with me around some solid number predictions based on interest rates, occ %, etc. 

We are currently trying to book high-season months 2-4 weeks prior to check-in because we see the highest rates this way.

So, a decent deal is likely to get better over the long run. given the high amount of cash needed for brrrr do you feel it would be better to start with a long term rental as an initial investment that has less risk involved 

Their real costs are in the fill fees and high costs of repairs and maintenance.