What kind of exclusives in the area does the current tenant have?  

But an equity position is not recommended unless they own the dirt or bring some other kind of value. 

Exiting apartments sell for 175 to 500 a unit on the open market with 200 to 250 being kind of the median. and rents on the 200 a unit range about 1400 to 1800 

Since my tax guy is of no use, I reached out to a friend who works for a different tax group/CPA and this new firm was kind enough to look into my predicament.

Definitely understand - its a challenging market right now for rates and getting purchases to cash flowWhat kind of down payment are you looking at? 

Would be nice to know a local GC here in the Tampa area that's seasoned in that kind of a task!

You did the hardest thing, which is simply buying that first one.I may be biased (no, I'm definitely biased) but @Erin Spradlin is kind of what you're looking for in terms of hand-holding.

I know they bought that property based on analysis, but don't know the market or area.I'll bet there is all kind of opportunity where you live. 

I assume I need Landlord Insurance or some kind of Liability Insurance for the LLC itself? 

If you can handle that kind of discomfort, I'd recommend moving to an emerging market and house-hacking (that's what I did).