Did you even move forward with investing in St.

Is it wise to do this and be debt free even though my total payments on those 5 properties will go up $500? 

Think contractors, landlords, etc. possibly even finding some form of part time job with a contractor or property management company is also a good way to get hands on learning and property management can pay fairly well once you get systems down

You wouldn't even know what you are crunching.

Any thoughts on how you'd split profit in the case where the is land used as collateral without co-signing (if that's even possible with lenders)? 

It’s also a good idea to create an Operating Agreement, even if it’s not required.

Most people don't even lock their doors.as my brother once said, Florida is a poor man's Hawaii

And even in areas where the HOA allows it, the neighbors could rally against you and make it very hard in old school HOA areas.

You may even tell teh lender verbally that such a cash flow schedule is available for their review.

Then leverage the cash value to buy more properties.The guaranteed, permanent death benefit replaces the value of the future taxes due when deferral ends.Or the death benefit replaces the value of the assets themselves allowing you to use and enjoy more while still alive, and even offset taxes due on other assets such as tax-deferred retirement accounts.Repeat forever. :)