You may run into issues with re-tenanting and it may take longer than you expect or cost more.  

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

They overlook obvious lease violations and errantly serve harsh notices, falsely stating requests from the owners and insult their compliant tenants while allowing issues to be unresolved.

If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!

I've had some not happy when I have asked them to split it out.I've tried asking questions to the IRS customer service reps, and didn't have the best luck.While I cannot cite a specific official guidance on this issue, I consider debit cards exempt.

Should I be concerned the bank may have issues with this? 

The worst part is they refuse to help me get the account back, quoting their terms of service and stating they are not liable for any issues with my account. 

Florida scares me with insurance issues and constant threat of hurricane damage.

Or this is a non issue if insurance coverage is not taxable.Many other thoughts and input.

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.