I have aspirations of flying for the airlines someday, but I also have aspirations of developing a RE portfolio that produces around 10k a month so I can have a FI lifestyle and live out some of my other dreams.

If you're looking at large multifamily properties or office buildings or contaminated land or development, you will need an attorney with certain specializations.

That is why cap rates are lower because developers and investors want to be compensated for the time and work involved handing off a more passive asset with national tenants versus mom and pops.

Using a corporation formed for the intention of purchasing a franchise to flip a house is probably a really bad idea, unless the franchise is a real estate development/flipping business. 

Q's: Is it better to look for properties in Orlando proper or search surrounding towns like Kissimmee/Winter Garden/Lake Nona?

Through these two events plus and enormous rabbit hole tumble into real estate advise books like the ones on this website (thanks again Brandon) along with an avalanche of YouTube videos and other business self help books like “The 4-Hour Work Week” I’ve developed the confidence and put in place the systems to help pull the trigger on my first two buy and hold rental property deals.

I can still develop the property but can't kick him out for 3 years. 

Interesting development.

IRR is internal rate of returnIt's what a lot of investors and developers use.

But knowing what the "catch" for such investments is could be helpful in my initial meeting with the developer.