You have a great opportunity to learn a ton, learn the market (the Bronx and Florida), and acquire some rentals at a lower interest rate that will generate cash flow and that you can use as leverage to acquire more properties down the road.I just wrote a marketplace post on a deal I'm doing using this BRRRR (Buy Rehab Rent Refinance Repeat) strategy:http://www.biggerpockets.com/forums/517/topics/211...Use this time to connect with local & Florida investors, learn how to evaluate deals and clearly define what you want your RE business to look like.   

My initial idea was to purchase a duplex, stay for the yr required for FHA loan, refinance, and repeat.

I've frequented many meetups in Austin and Guy's meetup is one of the best. 

A member may repeat an ad for a previously advertised product or service as long as at least five days have elapsed from the previous posting.

Only science gives repeatable results.

Finally, I believe people can be reformed, but who knows the mind of a Sex-Offender if "he" should decide to repeat the act again----No-One (until)----Well, we will keep you in our Prayers and Trust for the Best Outcome for You and All-of-Your-Good-intentions:   Keep Investing & Much Success As You Invest!"

Then you can repeat the process.

Interest rate - fixed or variable, and if variable, how soon and frequently does it change and what does it change based on?

You can do this repeatedly and end up owning several as years go on.

Rinse repeat buy 4 more or pay one or 2 off.