I assume I need to find an architect to make sure I can actually move the wall I need to and to have a plan for contractors to follow.

Importantly, while it has doubled in value (and the taxes have followed along), it is in an area that the improved economy hasn't really reached.

If you do not follow some rules, you will not get desired protection.

Glad you follow me.

I recently wrote a blog post on BP that I think is relevant and helpful to those that follow this forum category:https://www.biggerpockets.com/blogs/11308/78185-ve...

I understand looking for positive cash flow is a good proxy to avoid making bad deals when you’re a beginner, but if you’re careful in your estimates and run the numbers properly, I would believe you can still enjoy a decent return on your property even if your initial cash flow is inexistent.Let’s take the example of a zero-CF property (i.e. it’s zero after opex, capex, vacancy, PITI, property management etc..) in the following situation: I put down 20% as down payment for a 30 years loan, at 4.5%The property doesn’t appreciate over the years and I sell the property after 30 years for the same priceI incur 5% closing costs at purchase, and 5% selling cost when exitingI assume no inflation (hence selling price = acquisition price)In this context, my IRR would be 4.55%.

Look forward to following your future investments!

Can any one guide or push me in the direction to were I can get good protective lease for a Florida residence? 

Dan, There are no guidelines that I am following.

Following