To me I would have approached FL like I do with California, more of a long term appreciation play. 

how does the fact youre renting to tenants play into the insurance??

This really could be all over the place based on what type of properties ones has and where they are located.Expenses and mortgage also greatly affect the bottom line.Someone with 5 properties could be killing it or not have two nickles to rub together.

I'm thinking of managing myself and looking for a fee based advisor who is versed in tax/management.

I'm providing 125k, so based on the other numbers I guess that's whole purchase and construction.

Let's have a phone call about what exactly you are looking for, and then based on that I can help you.

I am based in Greater Philadelphia region and worked on a deal the owner sold 75K sq ft self storage and kept 20K sq ft of contractor specific self storage.

I own a Vacation Rental Management company based in Branson.

After visiting the property, I decided not to offer based on what seemed to be many interior issues, a roof that’s seen better days, and more tenants living in the unit I was allowed to view than I was expecting for a 800 square foot space. 

Based on the terms of the lease, the company took out a commercial rental insurance policy for their time while there.