I know some people who have tenants living above with no issues.

This is a great place to learn and to connect with people so take advantage of all the great resources.

You can look up cash buyers on propwire free, and reach out to the LLC owners by looking them up, or call the agent and ask them.Another option would be to find some private money lenders, and get them to go down on a hard money loan with you, unless you can get all the capital from one person alone (this is very difficult because most people won't loan that much to someone new to real estate). 

A lot of people chase cash flow, but the reality is that even if you just break even while renting it, you'll still be making money through appreciation, depreciation, and loan paydown.

Don't let people tell you this is a total rehab.

We've tweaked our model over the past 15 years and we're simply not willing to overpay like a lot of people, but if you find a deal where the numbers truly make sense, I think Plant City is a great place to invest.

There is a huge virtual community of members as well, but there is nothing like networking with like minded people in person. 

And like others said, most people don't want or need the hassle - they'll just move on to the next property.

I feel I have asked my CPA too many questions and want to see how other people handle this.

This will work for a lot of people and is a simple calculation.