Better advice is know the risks, mitigate the risks the best you can. 

A close friend of mine in Houston once had a client who owned two properties across different states.With your North Port place being so fresh (2021 build) and on a canal, you’ve got strong appeal for folks looking to enjoy that waterfront Florida vibe.

Check out FilePlace, where user-created forms are available for free.

I'm particularly passionate about single family home.Outside of real estate, I enjoy mountain biking, hiking, riding motorcycles.Excited to learn and connect with you all!

Recognize if you are relying on non enforcement of rules, you are taking on a risk (investing is largely about calculated risks).Enforcement may vary by location but should not. 

Someone contacted me about setting up a Wyoming Trust and said I was ask risk...."

So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.

What sorts of questions can I ask her to learn how much risk this is? 

So, splurging on a pool table, hot tub, and a telescope to enjoy the views would yield significant returns.I'd love to hear your thoughts!

When you live in that duplex for 2 years and then sell you'll be able to take 50% of the profit tax free (the allocation for the side you lived in).