I don't invest in FL, so I don't know local laws, but find a real estate attorney that does and have a conversation.

Focus on job/population growth, zoning laws, and property availability to make the best choice.Good luck!

Stick to the lease agreement and landlord-tenant laws—most headaches come from trying to make exceptions.

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

Because it's required by law

You notify them you will be purchasing the policy for them and doing so with their security deposit money, if state law allows it. 

One key takeaway from this deal was the importance of sticking to a strict renovation budget to maximize returns.

But I don't think I fully understand the law surrounding this and the actual ways it should be used.As I understand it, this is what you could do with such a clause if you are buying a property and the seller is financing it to you:As an example using easy numbers, you could buy a property through seller financing for a price of $100,000.

Don't use it strictly as a tool to turn the property into one you want to live in. 

It typically has pretty good rental demand with UCONN Law School, St.