All responses are appreciated. im guessing your figuring about $375 P&I payment, insurance with rental risk is going to be slightly higher than what you have on your personal residence, not sure about taxes, but as long as tax and insurance dont exceed 2 months rent, you should make $5500/year with no vacancy, I dont like to finance that long, personally i need to make $250/mo based on financing 100% at 5% for 10 years, (i dont always finance) tougher to find, but they do exist.  

Originating commerial loans requires no Federal licensure, but 11 states require a commercial mortgage broker or mortgsge broker license, and 2 states require a real estate brokers license.Brokering already existing mortgage loans require no Federal license, state licensing requirements are all over the board and Very state specific.

.- Is there room to add to the existing good duplex and stay within the setbacks?

Are there existing leased-out units in the same project?

It will be my problem to evict the existing occupants.

I do a cash out refi of my existing rental and buy 2 properties with the proceeds.Then the Ferguson shooting happens and riots start.Crap!

Building costs are high compared to the returns available in the "Disney"/Orlando market and existing properties come with all the issues listed by @Daniel Karbownik (all of which are only increased by the oversaturation of these types of properties in the area).

@Cheryl BergtholdI haven't been to any of their investment classes, but anything you can learn from a class is freely available through the internet these days - that's why this website exists.

Unless you're buying something massive - tens of units - I wouldn't worry too much about how much they have it rented for and for how long, outside of what existing leases say and deposits that are/should be on file - you will want those, and you have to abide by existing leases until they expire.

The issue on the listing is that the $950 per unit is not for any existing leases, it's the owner's (presumably) opinion of the rent there.