Hey Tim,The point is to provide some insight into the development space for anyone interested. 

A lot of our family thinks we should jump in the Airbnb wagon, but we prefer to provide quality and affordable housing to the people in our community.

It could still be really profitable, if you're the only game in town and you also can provide food or rent out part of the property for other business purposes, etc.  

I had considered BRRR-ing, but find that the mortgage after I pull the equity out will be too high to cash flow on.

Confirm that the provider has a pristine reputation (e.g.

This is particularly important in areas with rent caps because you can suddenly find yourself well behind market values for rent.As for how much, that depends on your market and what rents are in the area. 10% is a lot and you may have tenants move as a result. 

It’ll position you to have more cash available for future investments.In terms of setting up a real estate business, forming an LLC could provide liability protection and allow you to keep personal and business finances separate.

I haven't been able to find a LIBOR lender. 

I think you are going to have trouble finding currently cashflowing Orlando market properties at todays price and interest rate.

You need to find architects/engineers in your market that deal with this type of project.In my mind, I would like to know what the per unit cost is of each unit.