Grow your properties, I do use a strict 80% occupancy rate, so even if I had a large vacancy, all debt and expenses can be covered.  

That said, some appraisers are more strict (read: more unreasonable) and without a longer time period, will try to screw you if you try to get a new value much higher than the purchase price without doing any renovations.

What you are proposing, if strictly using contracts to broker in FL, is illegal. 

There is one no money down program that I have seen that will allow a duplex, but the rules are strict.  

The two individuals value is strictly funding, as my current partner and I are the ones seeking out the deals, visit the properties, walking them, analyzing them, working with realtor which takes most of the time.  

IF airbnb is going to survive those involved will need to be strictly policed.

They're starting to become more strict about it.

Actually this is not strictly the case although they are differently coded.

An Umbrella policy is strictly for liability insurance and does not cover first party property damage.

So when you consulted the management companies, was it strictly for the due diligence phase or were you planning to hire them to manage the units as well?