I live and work in the Orlando area (currently residing in downtown and working near the attractions). 

Sorry bud, 6% was no longer attractive in this rate environment.   

The existing quad is listed for sale at $1.1M and a 5.3% CAP.Commercial multifamily in the area sells at a CAP rate of roughly 4.5%.The existing property is zoned to allow for 6 units and has available land to build an addition duplex for ~$150 per sqft.Assume 1000 sqft duplex at $150,000 and we’ll build that into the loan.After expenses, the additional units will each increase the annual NOI by $14,400 = (Gross rent – operating expenses = $600x12x2).Purchase Price  $1.1MMConstruction:  $150KLoan amount: $1MMTotal for project:  $1.25MM20% down: $250KPre-construction NOI:   $58,300Post construction NOI:  $72,700What is the estimated property value after construction?

Long term wealth, increased month to month income, diversity? 

Find a house in decent shape and focus on the areas that will increase the value and appeal to people simultaneously. 

In some cases i have seen rental prices going up after floods as many units are not livable or need repairs so if you end up with a property that was not damaged, you might see some short term higher demand and price increase.

Long term tenants can be a major pain when it comes to increasing the income on a property when renovation is necessary.

FEMA is reassinging maps now so people who may not have previously been required to buy flood insurance will now be required to pay their lender who will purchase coverage, even if they never intended to buy it themselves.The trickle down effect is that the pool of potential buyers who can afford or want to pay of for flood insurance may reduce the number of people you can attract when it's time to sell the flip.  

So I took it upon myself to write a whitepaper with the title "How to Attract Investment Opportunities at Meetup Events".It is based entirely on my own opinion and experiences, so I would consider it a big favor if any of you were to provide me with your feedback for improvement. 

You'll increase in speed as you get better managing your properties, setting rent rates, finding deals and learning the systems.