Same school district, property taxes etc.

After subtracting all that from the 3333.00 , whats left is what you can spend on a mortgage payment including property tax, home insurance and mortgage insurance.

About $900 a month after taxes/insurance/and misc repairs. 

Since Florida has no income taxes...

He is ONLY willing to sell by owner financing.I am not a tax expert in estate taxes, but my guess from knowing others who have had similar situations is that IF he sold it outright for say 300K, he might have 75K of taxes.

You should make sure that the rental revenue meets all of your costs, including the mortgage payment, property taxes, insurance, maintenance, and vacancy allowance, since monthly rental prices might range from $1,000 to $1,600.Property Appreciation: Take into account the market's expected and past rates of property appreciation.

is it illegal to sell my Tax Deed by quit quitclaim Deed?

For more precise estimates of rental revenue, think about speaking with nearby property managers or real estate brokers that focus on rental properties.Closing costs: Compute the closing expenses for the duplex purchase, taking into account attorney fees, title insurance, property taxes, appraisal fees, and loan origination fees.

I am wondering what are the tax implications for this individuals (most of them are from Spain). 

I thought maybe she’d like the increased income and reduced liability as she approaches 90 years old but I see the tax issues might be too big an obstacle as she does seem pretty well off.