Once your net worth grows it might be worth considering in the future, but for now in my opinion liability insurance + umbrella policy should be sufficient. 

I would never provide wifi on a lease unless I knew it was sufficient speed and I will actually be making some kinda service fee on top of it.. for example I can get 1Gig of speed for $100 a month.If I had a 4 Plex with 2 beds each and a combined 8 students i would charge $15 a month which would be $120 total and splitting 1Gig of speed should be more than sufficient.

@David Michael so would you hire an attorney and a title company or should and attorney be sufficient enough?

If it is sufficiently high, it is time to start doing the real work for the project (actual quotes, pull permits, legal, drafting etc.). 

Now, the bank typically wants 6 months of reserves- will the bank except the equity I have in my personal residents as sufficient holdings for this?

The property looks to be newer than 70’s/80’s therefore probably will not require 10% of Income for Maintenance.   5% would be sufficient for now.  

@Jordan Little, I think 48 hours is sufficient.

Is it legal to only have a through-the-wall a/c unit WITH HEAT that is designed for 550 sf? I'm doing minor rehab to a 988 sf house that does not have central air/heat (location: east of Orlando, Merritt Island).  It ...

At that quantity you could go factory direct.

The other issue some of my clients just ran into in Forest Park is something called the "self sufficiency" rule.