Some of the highlights are:“Florida is positioned to become one of the hottest spots in the country with rising demand, positive gains in recovery, really good fundamentals and positive momentum,” "Existing home prices will appreciate 3 percent; existing home sales will grow 3 percent to 5.4 million; new home sales will grow 16 percent to 580,000; and housing starts will increase 12 percent..."

All responses are appreciated. im guessing your figuring about $375 P&I payment, insurance with rental risk is going to be slightly higher than what you have on your personal residence, not sure about taxes, but as long as tax and insurance dont exceed 2 months rent, you should make $5500/year with no vacancy, I dont like to finance that long, personally i need to make $250/mo based on financing 100% at 5% for 10 years, (i dont always finance) tougher to find, but they do exist.  

Originating commerial loans requires no Federal licensure, but 11 states require a commercial mortgage broker or mortgsge broker license, and 2 states require a real estate brokers license.Brokering already existing mortgage loans require no Federal license, state licensing requirements are all over the board and Very state specific.

Now again, of course, if they are doing "extra" things in the monthly management that you find you want to be rewarding of then you accept their terms of that %.

.- Is there room to add to the existing good duplex and stay within the setbacks?

@Paul GiloThe reward is not so much the few grand a year in economic benefit early on that I described with my "number crunching" but the fact that you are getting into multi-family with so little cash out-of-pocket as described in the last paragraph of my post.

if you have all your cash (eggs) in one basket you are taking on a massive amount of risk (and reward).  

Be persistent and stoic in your pursuits and you will be rewarded greatly!

Are there existing leased-out units in the same project?

It will be my problem to evict the existing occupants.