The main house is 1,104 sq ft and 2 bed 2 bath.

Sq footage, # beds/baths, age of home, single/multifamily, style of home, quality of area)2) Are there specific types of financing that are advantageous for people using this strategy?

California is a Community Property state, so the implications of divorce or death aren't nearly as significant in non-CP states (but I'm not a divorce lawyer, so please qualify that with your lawyer). * If you've got sufficient equity, start shoving as much debt as possible into as few properties as possible.

To give some background on this property: it is located in the East Tampa Area, 7/7, yes that is 7 beds and 7 Baths full reno asking 1.7 million.  

It is a 4 bed, 2 bath single family home on .75 acre.

.- Workman's Comp:  This will cover injury/death to your contractors on the job. 

A small strip of lawn,a drought tolerant section for the driest and sunniest part of the yard, maybe some raised beds to the side, and a fruit tree or two. 

2 bed, 1 bath now going for $1k when I was at $900 at the beginning of this year! 

The front flower beds have some standard bushes in them, or at least they would be standard if they did not have those wire Christmas reindeer planted in the middle of them (bush and ornament are now one).

Derek, sound like a good plan since that will be all the money I have, no safety bed yet.