It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided

Multi-family units and investing for equity are my focuses to start, unless anyone has any other suggestions?

This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax free as it’s a loan/debt?

Hopefully someone else will actually have something positive to contribute, instead of a rude response that adds no value, and just adds to post count. 

Anyone can give me their experience in renting out condos/townhouse in Fort myers vs Bonita spring in FL and what they would do if they were in my position?  

I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

and subtracting that from your end value + whatever equity buffer you want to account for.- If you're going after a seller finance deal I think once you understand what it will take to get to a finished state its simply a matter of aligning your needs as far as short term cashflow with the current rents/situation, with the net number the seller needs after the refinance.  

Usually living in it for a few years may be enough for it to cash flow positive when you move out.  

Eddie I'm in a similar position as you with the same questions. 

Private Lender Partnership: Partner with a private lender or investor willing to take a second lien position to get you to 85-90% cash out.