However, knowledge of the local law/ordinances, a solid lease, and associated documents can save a bunch of headaches and give an extra layer of lessor protection.

This is really the main "protection" Seller has in the Seller-financing arrangement and he is allowing a higher LTV than any traditional lender would.4.

Central and South Florida have very high population density, and so much of the land is protected from development (i.e.

It gives you $1,000 a month income which should cover your costs of maintenance and management.This is one way to stay involved and protect the purchase opportunity.

This is to protect them in case the market fluctuates among other reasons.

Depending on how your taxes are set up, a CPA could recommend forming an LLC or an S-Corp (from a legal standpoint, they offer identical protection, but could offer differing benefits from a tax standpoint).   

If Airbnb is more concerned with me  protecting my business than they are with the 5 properties doing over $600k in annual business with them, I can live without them.

Talk to an asset protection attorney in your state to learn more about why.  

If you don't have an LLC set up and are using an umbrella policy to protect yourself from liability do you want a policy limit greater than or equal to the amount of equity you have in your properties or greater than or equal to the property values?

-Recommend the receptacles in the kitchen, bathrooms, and exterior are GFCI protected.