We are still seeing 1000 people a day enter Florida and they all need someplace to live.  

Even if you move out, you can still cashflow +As for single family or multifamily, you can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

40k prefab20k electric and water hookup10k land dev100k 1-2 acreOrrrrr170k duplex with prefab home in back of yard ( section off drive into prefab and section off duplex yard)rent duplex - live in prefabthen rezone property for appraisal of two property

But generally lenders want to see the renovations outlined, costs, materials used, and specific descriptions (for example : install hardwood flooring for all bedrooms and living rooms). 

The exemption is applied to people that have lived in the house for 2 of the last 5 years. 

Totally, at the end of the day, practically, if you have $1 mil buying power, it is wiser to buy in two Class A $500k house than buy ten $100k duplex somewhere in Ohioville :) You would know it from real live actual execution , HVAC price is the same between 100k houses and 500k houses.

Edward, Do you plan to buy a place to live in and rehab or are you going to buy a place to live and a place to fix and flip?

She grew up there and her parents live in Eastown.

I've lived in the OC pretty much my entire life. 

Once you get above a SF, the properties aren't usually submetered for water.