Just want to make sure this is a legally possible plan.  

By the time your negotiations are in place and you need to make transactions your entity will be filed for registrations and you can start transactions in name of entity. note: by no means legal advice.

I understand if you want to sell your restaurant and want to exchange for an apartment etc there will be some restriction.

This means that the legal title remains in the name of the seller until the loan has been paid in full.

Do periodic property inspections with proper legal notice. *  When you enter the unit, do you notice the coverup of incense and air fresheners?

From my post I am sure you are aware that using contracts to broker in Florida and circumvent licensing law is not legal.

Minutes from bus routes that connects to the train which connects to major parts of the city.Ideal Location - located in a mature neighborhood surrounded by several desirable schools.Near local amenities such as a shopping malls and leisure centers.Home setup is desirable - top level and potential legal basement for dual incomeHome is in rough shape and can add value to it (BRRRR method) which is what I want.Alley and Garage parking.Cons - Located on two main roadsThere is street parking in front of the home (2 lanes of traffic both ways). 

Additionally, in many jurisdictions there are regulatory/legislative restrictions on when you can disturb the tenants.I always figured, if I'm looking to drop $500K to +$1M on a small to mid-sized apartment building, I can make myself available for an hour or two during the week.... and as @Jeff Kehl indicated, if you've done all your homework and deem a property worth a walkthrough, you've probably already submitted a LoI to the Vendor.

The rental of a property after it was used as a primary residence does not constitute non qualifying use....https://www.nolo.com/legal-encyclopedia/taxes-when-you-convert-your-rental-property-your-personal-residence.html

You may not want to restrict yourself to pros in your area.