@Emily Gowen These types of questions are precisely the focus of my firm.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

If so, it will be good to get the type that has the on and off heat feature.

While this can be good for long-term appreciation, it can also impact cash flow for buy-and-hold investors.Insurance Costs: Florida's hurricane risk can translate to higher insurance premiums for property owners.Competition: Florida's popularity attracts a lot of investors.

The tenant has two types of coverage: liability and personal property.

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

@Les Jean-Pierre, Just type '@' and then start typing the person's name. a box with their full @name will pop up.

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

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

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!