The facts are pretty simple.

While this may not be a great answer from a legal prospective, but the reality is simple....

Pretty simple really.

I would recommend keeping them simple and eye-catching.

If the tenant causes $800 in damages, I file a simple, online claim with Obligo and they pay me the $800 with no questions asked, then they pull the $800 from the Tenant's bank account or credit card.All my applicants are given a score and that score determines how big of a deposit they pay.

I did a very simple one in WPB and it was about $4k with county fees, special survey/plat creation, etc. 

Sometimes the most profitable and rewarding business models are the simple ones.

Even buying a townhouse or semi.. breaking even on cash flow statement is a pipe dream I agree, however that is not preventing people from buying houses, many of them are not really investor, instead family with extra saving trying to put that cache somewhere, they don't do calculations or anything else, they go with simple rule, buy, rent and hold, however that seems to be good strategy in GTA in the last 7 years, which home prices going up relatively faster than other places, I was laughing on guy who bought condo for 250K 4 years ago, now it worth 450K.

SUPER SIMPLE WAY TO THINK ABOUT ITThink like an investor, find a deal you would buy if you where an investor, put it under contract and then call all the investors you know and have them buy it from you.If you want more detail ask specifically what you are struggling with.

I've never hired an attorney, the laws are pretty simple and straightforward.