As someone with little capital to invest at this moment, I’m wondering if this is a reasonable (and relatively safe, depending on the deal) option to pursue even if I’m not clearing much in the way of cash flow to start. 

If you own the property in cash, you can get away with whatever insurance you want and can even get $700/yr for a duplex.

Replace it when you buy, and it's free. 

Hi, I have a rental house in McKinney free and clear (without mortgage).

This is free to you as the Landlord generally pays commissions to this broker.

Feel free to connect. 

There is the potential (again depending on how often he does his books) - that he literally did not know there were concerns on the cash side of things. 

In a nutshell, here is the deal: the IRS requires that you treat at least some minimal portion of the interest-free payments as interest.

As an investor, I feel that I am in the correct position to succeed, both with cash in hand, and connections with rehab/ GC's in Miami.Thank you for your help!

The Midwest might be worth a look—it's affordable and offers great cash flow potential.