., Account Closed, As with many other things, I prefer to have a blend of various mortgage products.

So even if you did find an "average cap-rate" it's going to blend both of those units, you'll want the ocean view unit, and you'll think it's overpriced. 

One additional note is that I would need to blend some money from a Self Directed IRA with money from PML or the like - as the renovations plus the cost of the house would be tough. 

That's a blended cost of capital of around 6.4% you'd be paying to own an asset generating 6% PLUS there's the risk something goes wrong with the property.Even when I analyze a NNN with say 25% of my money down they generally don't look like a very good deal to me.

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

Fort Lauderdale has the lowest permit fees and an entire department setup so it's a seamless process.

There are some that blend those two together. 

You (likely) won't want to give up outsized peak-week rents for blended (lower) monthly rates.

So I assume as we ''blend" our DTIs we would still be in good shape for this?

When the bathroom is redone have the professional handling that properly blend it in while they are there.