My logic could be flawed here, so curious to hear opinions of others.Because FL is one of those cool states where RE tends to appreciate fast in the good times, it also can tank pretty hard in the down times. 

Sounds logical and well thought out.On a side note, buying a (replacement) property now that costs $200k more than you paid for your existing property is the same as keeping your existing property.

The logic is that if you are in financial distress you are much more likly to walk away from your investment property than from your home, so they have  abigger risk and then have to dispose the property with a discount.

And I could be way off on my logic so I’ll let the experts answer haha!

It just doesn’t seem logical to take on the expense of an LLC from and expense standpoint for such little income.  

Logical, but the secondary effects are uncontrollable.

I can see the logic going both ways but would like to hear from some experienced flippers.

Please read the Freddie Mac article and let us know if you see any parallels in logic against carrying out your plan.http://www.freddiemac.com/singlefamily/preventfraud/flipping.html

I never really understood that logic. 

I dont see the logic in "investing " in class d properties that cash flow lets say that $ 400 a door .