A 6-7% vacancy rate might look tempting, but it’s important to keep an eye on any new developments, like Build-To-Rent apartments, that could pop up in the neighborhood.There’s also some research* out there showing that average vacancy rates across Metropolitan Statistical Areas (MSAs) have ranged from 17% to 10% in the past (95-17).

It takes all of maybe 4 hours a month to keep my stuff in order. 

I recently started working with a new broker, and come to find out he has closed over 150 Sub2's for himself to keep in the last few years.

You have a duplex which means the 2 sides have different addresses.If I am not mistaken, an ADU would qualify as it doesn't have a separate address from the main house.

Thanks, Hey Mickey, not sure what the 50/50 means in your day-to-day life, but Melbourne to Fort Lauderdale is a 2+ hour drive.  

@Alex Geesey The simpler the wording, the more calls you'll receive but that doesn't mean they will be good leads.

I only ask because im wondering whether i should "buy-and-hold" or keep my money in my index fund.Thanks, and have a nice day!

Keep the line of open communication on it all and that will be the best option. 

Is this even a good deal or should I keep looking for more cashout refi options? 

I'm not sure the cost for the kitchenette install with rough in work but I have great relationships with my subs and historically keep my reno costs down.