Keep your overhead as low as possible.

@Shane KelleyWe have no idea what your contract says, or the conditions.As for possible lien rights, as per Florida laws;Are you working for a gc, or directly for the owner?

I have been reading every book I can get my hands on and listening to as many blogs as possible.

I'll be sure to check out all possible resources in the site.Anthony, thanks for the welcome.  

Every possibly good deal does go through our due diligence process.

My business partner had a deal within 2 weeks of deciding to be a REI, and learned on the fly, whereas I am the type to read, ask questions, and ease into it by knowing everything I possibly can first.

Mudjacking may be possible, re-level is possible, or they may have to remove, grade, and re-do it all.

In MY market I focus on making my rentals as easy as possible to maintain.

I am trying to start this endeavor after going to some classes and trying to learn as much as possible.

If you found the property management company and inherited the tenants from the previous owner (completely possible since you've owned it 9 months) it's harder to completely through your property manager under the bus.