Maybe some Florida local flippers will opine on this with their knowledge.Disclaimer; I'm not a lawyer nor is this legal advice.

It is possible to buy Non-warrantable Condos with the help of local Credit unions.

I found one in the local classifieds. 

. - I would suggest posting here on biggerpocket in the classifeds section, on real estate Facebook groups, and find some local agents/wholesalers.Make the downpayment and interest whatever you want based on your current needs. 

Reevaluate if/when interest rates drop, more local issues get resolved etc. 

Join local investor club be around like minded individuals... 

However, the local who have been here with metal class incomes still have the dream of home ownership and fully renovated luxury options are not the best choice for them.

Congrats on taking the first step, usually people get hung up on only one strategy, and the best way to start your real estate investing journey is house hacking with lower down payments and interest rate since it is a new primary residence, especially since you can probably rent out your primary and cash flow when you move out.I'm a local investor and realtor here in Denver metro, and I've found success with house hacking here in Denver for myself (rent by room, Airbnb, Section 8, LTRs, etc) along with my clients too.

To comprehend local rental prices, vacancy rates, and rental demand, do in-depth market research.Cash-Out Refinance Strategy: Renovations that increase the property's value can potentially provide you with equity that you can tap into through a cash-out refinance.

I would also just suggest getting involved in local real estate meetups.