- a study on rent cost compared to ownership cost shows that virtually every large city market it is initially cheaper to rent than own (I believe is was cheaper to went in 97 of the largest 100 markets)Miami and Florida have extra concerns:- insurance difficulties have resulted in large increase in insurance costs.  

It 12 years, assuming you make no extra payments, you'll have a paid off condo that cash flows a lot better. 

Just having an extra kitchen doesn't impact insurance eligibility. 

Aren’t you simply just losing money by doing that on top of adding more complicity to your system?

I'm not sure of what the rules are regarding agent-client confidentiality but without naming any names or addresses, for example:SFH#1 or Duplex #1, if this is Class A, B, or C area, purchase price, down payment, loan terms, monthly payment PITI, gross rent, property management fees, other repair or cap ex costs your client went through and the net rental income for this investorIf this isn't an LTR but an MTR or STR, now we're adding utilities, WiFi, furnishing the place, higher PM fees.

First of all, I suggest you search the forums as arbitrage has been discussed ad nauseam.

We kept extra bags in the bottom of the can under the current trash bag.

No extra fees added for repairs, I'm allowed to contract my own people via the PM to do services(HVAC, lawn, water heater, etc.)

It’s an extra step, but it can save you from surprises later.Keep asking questions-it’s the best way to learn.

Renovated: Added granite, high end finishes and fixures, landscaping, new flooring and painting throughout.