Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

. -- Unincorporated counties -- historically, the more conservative, skeptical-of-regulation type of government bodies -- have clamped down.

What type of property and what type of financing are you getting?

You could probably put in the lease that all items needing hanging must be done with the removable hook/tape type products. 3M has a bunch where you pull on the tape and it releases. 

Additionally, if there are any contractors in the Fort Lauderdale area who can provide an estimate or guidance on this type of conversion, I’d really appreciate the connection!

What made you interested in investing in this type of deal?

For example here in Chicago we have many of these type of neighborhoods that cashflow with solid tenants if buy a 3/4 unit.

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

If you are sure you want to keep it small, then these types of mentoring programs may not be for you.

This is the heart of the reason housing isn't mroe affordable, that landlords bear these types of costs every day.You could probably find cheaper labor, especially to haul away the junk, but not easily as an out of state investor.