Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high. 

I'm currently renovating my rear unit and it has the perfect layout to split into 2 units by adding a wall and an additional front door.

However, Allstate is capping their landlord insurance at $750,000, which creates a coverage gap I need to address.I’m looking for options to add at least an additional $750,000 in coverage and am wondering if anyone has experience with Difference in Conditions (DIC) coverage or Excess and Surplus policies.

So, go with a good solution on the deadbolt.Screw a lockbox in a wall near the door for an emergency physical key.Find a locksmith that can rekey the doors between tenants - put ALL locks on the same key.Most electronic locks warn you when the battery is getting low.

When buildings like this do come up, it's usually placed on the MLS, but you're gonna need to keep an eye on the market for long stretches of time.

Be an asset to them.

There are several solid locations inside the loop but it can be a little more street by street though, I'd definitely recommend talking to a local realtor if this was an area you were looking to explore in.

Personally that is what I wanted, an active mentor. 

What's your thoughts on using Rent Manager for an investor that already has professional property management?

.: Got an email from them today about new builds in Lehigh Acres.