Even if you trim off the fat, you will only have the meat from that original cut.

I looked for a while cuz I was looking for triplex or quad but they don't exist over there. mostly singles and duplexs but the rental market is strong home prices have gone up a lot but seem to be low in comparison to the rest of the country, parts definitely cookie cutter  and I would inspect to the tilt because construction in Florida to me is suspect. so many builders went belly up and Orlando is surrounded by lakes. 

I felt in my belly what insurance companies does after a claim.

Need to belly up and assume the risk or don't play.You're wasting your time attempting to get non-recourse financing IMO.

I wonder if the lobbyists and fat cats had this in mind...

All kinds of rehabbers are complaining of tightening profit margins in the past several months as the RE market warms up. 2 years ago, profit margins were FAT and markets were cold.I'll take a cold market over a hot one for flipping any day of the week.

I still say, just live with the exception(s) if the deal is fat enough.

I had a very profitable building / developing company that went belly up in 2010.

That will allow you to scale up to high quality professional management and live like a fat cat.

I think this is a bigger "every market is different" thing than pretty much anything else.I honestly believe that every market will have big fat deals if you look long and hard enough.With new construction there is going to be a rule of thumb for the costs (around me it is $100-150/sqft) so you have a rough idea of what it will cost to build and you should have a feeling for what houses will sell for of that size and whatever room makeup you decide on.