I just saw an 1846 built victorian that was "codexed" into two separate units, on a 12,000 sqft lot which used to have a barn structure, and the agent suggested the best value for the property is a flip with the addition of resurrecting that structure (with approvals - this is a historic district) and turn it into two more condos in the back of the lot.

I suggest you let it go and move on.  

Additionally, I'm reassured by those of you who suggest I can extract up to 80% equity as I'd read it was more likely to be 70%-75%, although that will likely differ based on property type.

Please feel free to connect or offer any suggestions as to how to connect with other investors in south Florida.Thanks!

Do any of you have any suggestions?

You are purchasing a basic form policy, I'd highly suggest special form.

I would suggest contacting Airbnb again for a different response. 

Here are my food suggestions (since you gotta eat well while you're here): Central BBQBB KingsGus' Fried ChickenLeonardo's Pit BBQRedezvous

I was wondering if anyone familiar with the market would have some suggestions for a rental location.

So my suggestion for new guys and gals out there looking to invest, the first step is to SAVE MONEY!