U can do 100% if you want but you should have plenty of cash on hand as well. 

That is enough albeit only a cheaper property and, while I don't know Florida that well, I doubt there are many in that price range. 

The entire community tries to help one another and protects one another.

So if you are using that site or something similar you could very well over pay for the home.

You’d need a clear exit plan and enforceable lease terms to protect your investment.Think about the following:Tenant Risk – Can they truly recover financially, or will you face another eviction situation?

-Legal Protection: A real estate attorney should draft the seller financing agreement to make sure your interests are protected.Final ThoughtsThis might be a pretty awesome first project if you can work out some sort of low-down, seller-financed deal with sweet terms.

The majority thing about insurance is to protect the HOA from being sued and to protect HOA board members also. 

Duplexes are very common here and are much easier to find than a Quad as well.

Feel free to share any thoughts you have here as well. 

Anytime you're involving the govt it's a hair pulling nightmare.