✅ Market Research – Analyze rental demand, vacancy rates, and average rent prices in the area.
✅ Location Factors – Consider proximity to schools, hospitals, major highways, and employment centers.
✅ Property Type – Single-family, multi-family, or vacation rental? Assess the pros and cons of each.
✅ Property Taxes & Insurance – Research county tax rates and required insurance (especially flood & windstorm coverage).
✅ HOA & Restrictions – Verify if there are any HOA rules or rental restrictions.
✅ Potential Appreciation – Look at historical property value trends in the neighborhood.
✅ Crime Rate & School Districts – Affects desirability and tenant quality.

✅ Purchase Price vs. Market Value – Ensure you’re not overpaying.
✅ Cash Flow Projection – Calculate rent minus mortgage, insurance, taxes, and expenses.
✅ Cap Rate & ROI – Evaluate if the property meets your investment return goals.
✅ Repairs & Renovations – Budget for any needed fixes before renting out.
✅ Property Management Costs – Decide if you’ll self-manage or hire a company (typical fees: 8-12% of rent).
✅ Emergency Fund – Keep reserves for unexpected maintenance and vacancies.

✅ Lease Agreements – Use a solid lease template that complies with Florida landlord-tenant laws.
✅ Security Deposit Handling – Follow state-mandated procedures.
✅ Eviction Process Knowledge – Understand Florida’s eviction laws and timelines.
✅ Short-Term Rental Laws – If applicable, check local Airbnb/VRBO regulations.

✅ Property Inspection – Ensure plumbing, electrical, HVAC, and roof are in good condition.
✅ Marketing Strategy – Plan how to advertise and fill vacancies quickly.
✅ Tenant Screening – Check credit, background, income, and rental history.
✅ Rental Pricing Strategy – Competitive pricing based on local comps.

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