I think purchasing an MDU is great for a first-time buyer but there are ways you can mitigate your risks.

From what we see on this side, it is very rare to see a bank ever stray from a loan where they have zero ability to mitigate risk and sell servicing or part of the loan off to someone.

, ask for mitigation - double security deposit and/or prepaid last month(s) rent.

I’m an insurance broker who works in all 50 states and I see far too often people, and RE investors especially, do not have their liability separated out correctly to mitigate their personal risk..Over and over I get the same types of questions when insuring a portfolio (of any size) from people who do notnfIlly understand the lIabIlIty they are exposed to..What questIons do you often have about where your liability extends to or what you’re exposed to?

Finally, can anyone recommend a lawyer in the Volusia County, Florida area that can help mitigate this situation?

You would be mitigating a lot risk as a homeowner. 

Follow the blueprint of those before you to help you mitigate risk and maximize results. 

This should keep the house cool all day long and the use of ceiling and floor fans can help mitigate the daytime heat.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Youll want to mitigate your risk as much as possible before going into a deal.