I heard that you would need to get neighborhood approval in addition to the city approval... 

Additionally, be sure to have an accurate ledger and your signed lease agreement.

Interest rate on the home is 2.6%, so I don't want to pay down the loan with the additional income coming in.

Additionally, if there are any contractors in the Fort Lauderdale area who can provide an estimate or guidance on this type of conversion, I’d really appreciate the connection!

(if the buyer wants a more solid commitment)Once a buyer has spent money they are somewhat vested in buying the property and that gives additional negotiating power to the seller.

So you have some great resources right off the bat, my additional Referrals would be too many :)

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Despite no additional renovations being necessary, our efficient strategy and swift turnaround led to a same-day sale at $225,000.

Regarding insurance adding additional umbrella insurance is great idea.