Or better, buy a property that is not subject to an HOA.Also, if you are leasing for 6 months or less, you will be subject to the 6% Florida short term rental tax.You may also have city and county additional taxes, business tax receipt, and mandatory inspections for short term rental depending on the jurisdiction where your property is located.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Any help on the subject would be very helpful :)!

Does anyone know of any options for covering the structure until it is complete?

Pay off first and add a new mortgage covering both properties?  

I’ve talked with yellow letters for mail outs, so that’s covered, but what about cold calling?

For example let's say you have an older home with plaster walls, your contractor will replace them with drywall at a fraction of the cost but the insurance covers the cost to replace with plaster which could be thousands of dollars more.

They probably had to come up with money to cover a lien claim or such, resulting in the charge. 

If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.

Under the amended rule, a broker could give an unlicensed person a gift of merchandise having a value of no more than $50 and this would not subject the unlicensed recipient to a charge of unauthorized practice as a broker, nor result in a violation of TREC rules by the broker giving the nominal gift