Then you can do a 1031 exchange or sell it at a lower tax rate. 

For example, instead of an initial 6-month lease at $1,200/month, and then re-renting it in the summer with a higher rental rate, you could market it as a 16-18 month lease term (again, great suggestion by Tim) at $1,600/month with a "1 Month of Free Rent" special which you could either divide evenly across just the first 4-6 months of the lease, or prorate over the entirety of their lease term.  

I have a builder in San Antonio that offers a 4.75% interest rate on their duplex's.

I mention this as I have seen some people want to sue companies because they were a sponsored affiliate on a website…Regarding the original post- expect 10-12% (I think latest I saw is avg is 11.5%) rate plus atleast one point for a 12 month loan.Bigger companies may take longer for approval and can be more flexible usually in down payment amounts.

These are reported on your Schedule K-1 and taxed at your marginal tax rate.

Most people make the mistake on putting to much moey down or use "All cash" and then need to pull it out later at a higher rate.

Hey @Rick Dane, I second @John Underwood suggestion.Insurance rates are all over the place in FL right now.

Face the fear--get yourself in front of more sellers.Little by little, your presentations will become more comfortable, and your success rate will increase.  

You could also put 25% down and buy down the interest rate to achieve the same.

They got fundamentally sound real estate, with matching debt (10+ yr fixed rate) and budgets with the intent to hold nearly forever.