I got into short term rentals in 2017, bought 3 single family homes in Scottsdale that I rented out on airbnb from 2017-2020.

Investment Info:Single-family residence buy & hold investment.

Just plan to keep expenses on a spreadsheet.  6) We got an umbrella insurance policy vs LLC - lots of forum threads on here about the differences and which one is best depending on situation.  7) An emergency fund is paying yourself, I don't sleep well whenever mine gets low.  8) For me, it would depend on your financial level, time to retirement, and/or if you have income you need to offset or not. 9) you need to figure out if selling with the up-to- $250,000 capital gains tax free for primary residence is better financially for you than renting as you'd be converting to a rental and potentially losing that tax advantage (takes a lot of monthly rents to equal that benefit), and talk to your accountant about the depreciation as I think they still value it as depreciated when you sell even if you forget to depreciate at tax time.   

We want to attract higher end renters with  families. 

-Rental demand and property appreciation potential.Selecting the Right Property Type:-Single-family homes, multifamily units, condos, and townhomes all thrive in Orlando.

That is a pretty sweet deal, you do have to be a resident and it's only one property.

The lot will have to be zoned for multi-family and the structure will have to meet code. 

A property profile has at least the following factors.Property type: Single-family, multi-family, condo, townhouse, etc.Configuration: One bedroom, three bedroom, one story, two-story, lot size, age range, garage size, etc.Location: Where the tenant segment is renting today.Rent range: How much is this segment willing and able to pay.Notice that I did not select any aspect of the property.

If I sell it in 1031 exchange, can I then get another rental, rent it out for 2 year and then make it my primary residence i.e. homestead and that way avoid any depreciation recapture and capital gains?

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.