There will also be common electric areas (hallways, outside lights) that will be in your name that may need deposits to put into your name. 

It’s a big step for investment #1 so tread lightly.

Rent rate includes the following utilities, up to $150 per month: water, electric, sewer, trash, and natural gas.

First step is to check with the city or county to determine if you can do what you want to do and what is required for all zoning approvals and the time frame, Ask if you have to install curb, gutter, sidewalks, street signs, street lighting or any other special requirements. 

Fire and wind insurance in FL at $70 seems extremely light. $120-150 seems more realistic.How do the numbers look after that?

This fund also goes to pay for general maintenance and upkeep items like air filters, light bulbs, and any other non-cap ex expenses.

Substantial services do not include the furnishing of heat and light, the cleaning of public areas, trash collection, and such.When extraordinary services are provided, the rental is treated as a trade or business and reported on Schedule C regardless of the average rental period.

Naturally, this will place upward pressure on rents and sale prices when this new wave of inventory hits the market. 

Until whoever supports appraisers gives them the green light to approach this differently, they're treating these homes as SFR's with small adjustments for the ADU's. 

light rehab