Can anyone recommend a Florida lease agreement geared toward an owner occupied property or would a standard contract suffice? 

why NOT use Internal Revenue Code 453aka Deferred Sales Trust the other DSTDeferred Sales Trust Made Simpleon YouTube introduces the conceptreally easily in three min.I'm SHOCKED so many investorshave bought into 1031ingand over paying  forproperties they don't love...

I believe FHA cash out allows you to refinance up to 80% of your home's value and often comes with higher rates than standard FHA loans.

That is the standard way of insuring it however, some companies may handle it differently.  

I rent SFMs with the standard 3x2 model or 4x2.

For me, I knew I wanted a tool that would be as automated as possible, something standardized I could outsource eventually, and something that could track different "pots" of money within one account so I could track saved money for repairs, CapEx, vacancy, etc within one savings account and even break those savings out by property.

Is this an industry standard?

Did you consider the CAP and vacancy rates in comparison to the submarket or did you set your own standards?

We have a central location to the entire state, an amazing International airport, cruise ports, theme parks (of course), great growth, easy access to east and west beaches, every kid in the world knows where Disney is AND wants to go there.

5k is pretty standard in south florida from what I have worked with. 10k is a little bit high but that speaks to the current market, not so far out of the norm IMO, they are basically saying they want somebody serious