This could give me an option as a house flip if the numbers don't work out in my favor for positive cash flow.Target Returns:Given the higher risk, what cash-on-cash return or annualized return should I be aiming for?

And then finally, there is always the option to just claim the regular standard mileage deduction rate of $0.67/mile. 

There are so many other options!

They have the option in which you do it with them and the other one in which they do it for you.

We have been primarily buy and hold and wanted a secondary source of capital to fund our buy and holds.

Great credit scores and plenty of income from my W-2 source. 

I own one and use it from time to time, @Kevin S.The base of the Nix sits flush against the painted surface, and it has it's own internal light source.

Whether you're looking for short-term rentals, long-term rentals, or fix-and-flips, Florida has something to offer.Favorable Tax Environment: Florida boasts no state income tax, making it an attractive option for investors looking to maximize their returns.Year-Round Appeal: Unlike seasonal markets, Florida offers consistent rental demand year-round.

Health insurance payments, Health savings account lots of options. 

You have many options here.1) Terminate the lease: It clearly states that they must have renter's insurance and the lapse can result in a default2)Have them cover the damages with sufficient evidence that they caused it3) Claim it on your insurance for the property, likely they won't give a good payout unless a fire, flood, or some sort of wind damage.