We also would have to initially live off of some of the proceeds from the house after the sale.Our Amazon business is in online arbitrage, part of which is a not-profitable lead list business.

Rapidly escalating HOA fees, special assessments, and large insurance premium increases may contribute to substantial drop in affordability and impact valuations.

HOAs suing insurance companies, residents suing HOAs. 

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

That way they're not financed and they cash flow at 100%, minus insurance, tax, maint etc I could purchase 4-5 of those and have a decent $3k-$4k monthly.  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

There are ways to develop in non flood plain markets and not every home in florida requires flood insurance it only depends on flood maps. some areas don't have it.

I believe renter's insurance minimum liability is $100,000.

I wanted to mention that for smaller properties, there are some vendors out there who offer what they call "fake" cost segregations, where you have to get insurance along with it as opposed to the real ones that cost 5-15k.

You need to get your own insurance quote, understand what YOUR tax bill will be (will the assessor revalue the property to purchase price right away?)