The home will be completed in a total time of ~6 weeks, with completely new kitchen and baths, new drywall, new roof, exterior repairs to the cement, new hot water heater and new HVAC.

Insurance has said they’re not covering it because it’s a ‘domestic situation’ which is not covered on the insurance.We’re speaking with a lawyer tomorrow to determine what to do with their possessions and if there is any recourse with the surviving tenant to recover these costs, but we are doubtful he has money to pay us back. 

I am sure the policy is fine if nothing breaks and no doubt it keeps people from calling you.

If you outsource out (can be done cheap through automation) it could be a little better but I doubt that much for one car.if you're going to become a car rental you'll need a fleet vs just trying to do this part time to make some money.There are far cheaper cars you can get and rent out that would likely make much more sense.If you're flexible on car types you can get cheap leases that make certain cars extremely affordable and likely with little costs outside the lease.

Doubt the lender would trigger a due on sale clause, especially if the person on the loan is the sole member of the LLC.

Very doubtful you pull this off.

It’s not going to be perfect, and would just go off general averages, however, ai highly doubt those averages are refined enough to get down to niches, such as a home on the lake vs a home four or five blocks away will likely have vastly differeing occupancy rates.I use its general averages as an indicator of whether or not I want to even bother with an area, if I decide to I then go in and find direct comparable homes and gather data from those ones specifically to create a much more accurate projection. 

You can still increase the rent a bit, but I doubt the amount you'd spend updating plus loss of rent and perhaps a vacancy would balance the increased rents in the short term.

It's not for everyone,  and just because it's not for you (or me), doesn't mean it won't be great for others.Linda I really doubt these guys only spend and hour or two.. what about marketing costs.. ?? 

Also check the florida law, I doubt there is relevant info for this but maybe.