Always looking to connect with other Land Flippers! 

The 50/50 split is accurate, based on the profit made on the deal. 

I'm Miami based as well.

Always max the base policy as well, it is around $10/year to go from $100k protection on a landlord policy to $500k.

What I have found as a common occurrence while researching and making models is that you really need about 3 acres to make boat and RV profitable and worth your time (depending on the value of land in your area and how close you live to it). 

If you plan to expand your portfolio, starting with a 4-plex might provide a stronger foundation for future investments.It's also worth consulting with a local real estate agent or financial advisor who specializes in investment properties to get personalized advice based on your financial situation and market conditions.Best of luck with your investment!

Have you talked to your current HML about rolling over your current loan into a new loan based on the work/improvement already completed?

that is the point @Chris Seveney is making one simply needs to look at Peer st BK to see how that works. unsecured notes are just that and are last in priority in the case of a water landing and you wont know that happens until it happens everything is great up to that point..

Land?

Can anyone suggest reliable data providers for land lists?