"If you're digging in a gold mine, don't worry about the cost of the shovel" Unknown lol, but that's kinda the way I see it.  

We can argue small semantics, but never do a deal just to do a deal.Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $1,054.05 (made up, but PITI comes out to $1360)Taxes $206.67(made up, but PITI comes out to $1360)Sewer and Water $83.33 Trash $25.00 Heat/Utilities $- HOA $- Cap Ex and Ops $150.00 (this is for everything from shovel the walks to the eventual water heater and roof replacements.  

Condos are easier to manage, you don't have to worry about daily hassles such as watering grass or shoveling snow.

Where in FL are you?

For example, does one tenant pay less because he cuts the grass or shovels snow.

No flash or flare, just facts and results.

My view is the real issue, as highlighted in the posts, are the mixed use issues which can get tricky, both practically on the compliance time required and philosophically when our rental and personal lives mix (I have a rental by a place the kids do sports and I may stop by to inspect or shovel, (and so on...etc..etc..).. so just disentangling the purpose is tricky sometimes.. much less taking off the gloves to record the miles..

SFH tenants mow the lawn and shovel the snow.3. 

I know she works hard, has money and has time but I know she is short-tempered and has no business skill.The partnership worked fine for 2 years but in the end the challenges of the various projects made her tempers flare daily and she didn't understand the long-term business strategy so we amicably put together an exit strategy for her.You know your relative so evaluate them objectively.  

The path of least resistance seems through a couple of flips to move in that direction.Where in FL are you investing?