If it takes you only 1 month to find a new tenant and you spend nothing on cleaning/turnover/advertising, it will take 17 months to break even.

I have 0 experience with real estate.My why is I want to be able to stop working shift work and spend time with my family.

When we purchased this property, it was run down and had major issues to fix and there was an additional .34 acre parcel of land included with the purchase that is located next door.

Additionally, in terms of leverage, how much does the 16-unit cost? 

In addition, as you have pointed out there are other types of death taxes looming.My advice is consult a CPA and avoid death if at all possible.Cheers...

The policy covers the existing structure (normally at Actual Cash Value - rebuilding less depreciation) and the additions being added.Remember, if the Reno Builders Risk does not cover Liability, you should get a sepparate coverage for that.  

Eastside tends to favor appreciation more so, obviously in addition to rental income.

do you live by your STR and offer a private car service to guests for an additional fee?...

You should only have to change when your current software has a flaw or lacking feature that is causing you to spend too much work on a work-around.

However, with this opportunity to actually be in Tampa in person we are hoping we can find a market near there that we can make work for us, since being able to visit the home in person will give us an advantage over trying to set up a team and systems without ever really spending time in the market we are investing in.