I will qualify for REP status based on STR loophole.  

It's a place where families literally come for generations.You can get a 4/4 or 5/3 in ocean lakes all day for 600k and it will do 55-80k depending on location and fit and finish.The only draw backs we have seen from the years we have seen is your lease for the land goes up but not so much it isn't justified in my opinion- they take extremely good care of the grounds and amenities are second to none.

First - Have a conversation with your CPA to see if will be beneficial. it appears that you are unsure based on the phrase "hoping it would benefit us".

Why would you evict the tenant based on this info???

I know documents like zoning aren’t typically open to interpretation so I’m hoping to draw on someone with first hand experience with CMX-1 multi unit 2-4. 

Whether through books, online courses, or hands-on experience, there are countless avenues for expanding your knowledge base without having to rely on paid sources.In conclusion, don't be fooled by those who seek to profit from what should be freely shared.

I am not 100% sure on this though so I would definitely advise talking to a professional.Lastly, based on your portfolio and your questions, it sounds like you are a high learner but haven't been making that great of returns in your portfolio.

The more let's just say rambunctious your tenant base is the more you will have to landlord.

They base their decision on the "flood certificate" or "flood cert" and either your insurance company or your lender can check this for you. 

Based on what you said I would not be comfortable putting you on the General Partner side of any deal I was doing.