Some communities of townhouses in South Florida function like single family homes, so if that is the case you should go with the basic homeowners' insurance.However, if there is a master policy, you may go with the HO6 policy for unit owners. 

Lots to learn here on the site.I like the search function in the upper right corner- use it to find anything you are looking for information on.

Combine that with a higher purchase price and it becomes only a decent investment at best.I think @Jay Hinrichs is spot on with his post

Investors can sell rental or investment real property and then 1031 Exchange into an interest in an upREIT, which is also referred to as a 1031/721 Exchange or a 1031 Exchange followed by a 721 Contribution.UPREITs are generally structured as a two step process using a combination of a 1031 Exchange and then subsequently a 721 Contribution.

I learned more about the notes business in 3 days simply by taking his note buying for dummies class than all of the other education I paid for combined, and that was very inexpensive.

After knowing these two areas you can then broaden your financing knowledge into other techniques to combined assets, mix terms to fit a situation or circumstance, this is creative financing. 

Personally, I am flipping to pay off my education, then will start with the BRRR technique and probably combine that with more flips for quicker cash.Listen to the podcast with @clayton morris.

If you add the rate of the mortgage insurance to the lower than average FHA interest rate, you wind up with a combined "effective" interest rate very similar to where conventional 20% down 2-4 unit owner occ rates are at.

The two combined makes $360.00 per month.  

The first is a low cash offer, the others are different combinations of down payment and financing at different rates and fro different terms.