The house needed some work but nothing too crazy, and we also did some upgrades to make it more desirable to a potential tenant/buyer down the road including adding central air and converting the half bath to a full bath with a nice tiled stand-up shower to make a full master suite and a 3 bed 2 bath home.

Most insurance policies don't cover flood insurance and its a common misconception that water damage is flood coverage and it is not.

Just don't expect it to perform as well as your calculator says.One more piece of advice...if you are investing in C- / D areas and you install air conditioning, make sure you chain the condenser down.

That’s like buying an auctioned property, then pulling back a wall to find horrific damage or mold.

Oh, and I needed to bring a couple air filters because the townhome has 2 HVAC units for upstairs and downstairs and the upstairs one in the ceiling looked like it hadn't been changed in years.   

Older homes with JUNKY heating and air conditioning systems don't sell as well.

@Alfred LittonWe have a great program available for rental properties. 1 million liability, replacement cost, water damage, and $2500 deductible.

Charge a 350.00 deposit for animals and make them sign an agreement that if the presence of the animal on the lease destroys the house that they agree to pay for all damages urine, feces, structure damage just what ever you wanna put in there, also give your self the right to immediately evict if they miss rent, drink and use drugs , are destructive etc.

when you have it up and running what are your plans for management of the Air BnB?

He’s a little hot tempered so If he’s low on money I’m not going to charge him but want him to stop bringing dog over AND florida law says you have to send a certified letter outlining whatever you are going to keep for damages.