Also, I'm sure you know that $750 a month rent in Flagler County won't get you anything in the Palm Coast city limits.

In case you didn't see the recent story about Airbnb regulations and limitations from the City of Louisville... https://www.wdrb.com/in-depth/proposed--foot-rule-aims-to-limit-airbnb-homes-in/article_26a7b458-5c74-11e9-a24f-272568002667.html

Location limited to Texas, in or around cities like Victoria or Corpus Christi (not expensive MSAs like DFW, Houston, Austin).No particular asset type in mind, could be anything from retail to MF to warehouse or other.Renovation mostly non-structural, although upto 20% structural should be fine.Is there any particular asset type that typically requires major renovation?

Are they a limited partner?

@Allan did your loan documention include any  no early termination clause/ mention a  termination fee , unless otherwise mentioned , I dont believe there is a blanket guideline that limits you from re-financing ,  there might be addtl costs (processing) but should be able to reFi.

With this tactic I also keep debt on the unit, which limits the amount that someone can even sue for. 

If not, it is likely title has transferred out of your control already, through adverse possession or eminent domain or, your rights are limited by a general right of way. 

I realized that everything is kind of rolled into one and that may limit my options but I feel like a $500 pet fee or something like that is not enough to cover the damage that a pet could cause.

For example, in Provo the limit is 3 singles, so you could have two in one part and one person in the accessory. 

I can get a good deal, but the number of purchases I can transact is limited by the capital I have.Here's a scenario that's pretty close to what I'm trying to accomplish:1) acquire property with an ARV of $350K for $200K cash.2) rehab, place tenant, season for 6 months3) after 6 months, do a cashout refi based on ARV $350K, and pull out ~$262.5K.