Im not scared to leverage but on my first investment I would like to do half down to limit risk and build more knowledge before I started leveraging more.any tips or ideas are most certainly welcome.

I didn't read the whole ordinance at Transfer-Of-Density-Units-Ordinace.pdf (charlottecountyfl.gov) but there is a provision for limited relief under section 3-9-150(i).

That means you'll put them in the best Mastermind you can find, not one limited to people with a particular chromosome. 

"The world doesn't come to the clever folks, it comes to the stubborn, obstinate, one-idea-at-a-time people."

Since you are limited on capital you just need to talk to more people.

The idea is to sell and put the $200k in a high yield savings account and then when the rates go down a bit more buy two properties.

It would be great to have a local group based in Central Florida so we could meet in person but I don't want to limit the potential of the group so I'd be interested to hear from anyone with these interests. 

The vast majority of people have W2 jobs, subsequently they have absolutely know idea of running a business.

If so, are there any limits to how many years you can carry forward losses against rental 1099 income?  

I've always loved the idea of syndication and wondering if I can join one early on.