You wont have any issues connecting with someone. 

In the DSCR space, every 1% you paid in origination, brought the rate down by half-a-percent (with most lenders).

I'd like to approach them with purchasing the building but I'm assume they're not wanting to sell it until after the owner's death due to the step up basis.I have first right of refusal but what type of creative financing can I offer so that we agree upon a sale and price beforehand?

Choosing the right tenant is crucial, so take your time with the vetting process.

If you have any experience with this, please let me know how much your investor insurance is for Florida on a vacant house.  

So I have spoken with a friend that manages an apartment complex minutes from mine but is a little nicer. 

I decided to invest in a GROUNDFLOOR property with funds I've allocated specifically for hard money investment.

While I do think that extreme climate is something we all will have to contend with, I think the area will always be popular as a vacation destination.Having said this, I am thinking about looking for a STR in the area. 

I look forward to connecting with others and learning as much as I can. 

The main players in this space are Guidance Residential and UIF, but it turns out that they may just be purchasing a Freddie/Fannie loan on the back end to finance the deal and then structure it differently for the buyer - which isn't in accordance with their religious rules.