Mortgages 1-4 are easier to get in place. 

Out of state is usually easier as mobile notary will often work.

Its a lot easier to have a paid off portfolio of 2-3 properties earning you 10k/m in cash flow than 15 properties giving you the same return but are leveraged. 

It’s a great way to start building equity while offsetting living costs, and programs like FHA loans can make it easier to get in with a lower down payment.Since your parents are open to diversifying into real estate, that could be a big advantage, especially with the equity they have tied up in their property.

The more you know ahead of time, the easier the process will be.

They are always super quick to respond to any questions and very helpful in general, making sure you have everything you need to make your job easier.

I bet if converted BACK, it would be 4br+, probably a rather spacious 4br+: - a whole lot easier to rent given much more demand for such vs efficiency or 1brs- no longer competing in any way against apartments- no more utility issues, because tenants cover 100% of there own utilaties- no more headaches of wrangling different persons to play nice togetherAnd on and on and on...... 

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

Some operators close upon tenant moving in .. some when they get CO  myself I always try to get them to close before tenant makes the transaction much easier on the seller not having to interrupt the tenant and doing punch list much easier then put the tenant in.. in my mind if you are going to have an issue losing one month of rent because of this your being unrealistic for a long term hold your going to have vacancy at some point so why not the first month. 

Wow, your background and vision are incredible.