I would 100% stay go with the professional service because at the end of the day the tenants will not repair it like a professional will but on the other hand would that be legal in your area??????

Like @Chris Seveney said, focus on revenue first, then growth later.

I’d like to house it, using the back house as a rental and living in the main house.

I’ve noticed a few areas of concern (or red flags) during my research that I’d like to verify after digging through forums.

Are there any potential risks after I take ownership, like monetary penalties from the city?

It seems like a great way to get near unbeatable cash on cash returns.I am seeing $60-70k 3 bedroom houses that would rent for maybe $600-700 to a regular tenant but section 8 HUD FMR pays $1100 so they are cash flowing $500/month.

Looks like no rental history was checked as living with family and not paying rent, does not count towards rental history.Other than filing a lawsuit, are there any other ways I can report this company?

Thanks Check out this article on BP published on this exact topic - the "5-10 Unit Multifamily Niche" has some very specific financing options - including, the Multifamily "DSCR Loans" that @Brian Cauldwell mentioned - these look like SFR loans (no tax returns, 30-year fixed, Rent/PITIA to calc DSCR etc.) but are for slightly bigger propertieshttps://www.biggerpockets.com/blog/multifamily-dscr-loans

I like to be aggressive with these numbers as cash flow is not my main focus now.

Some platforms, like Airbnb or VRBO, may handle the collection and remittance for you, but it's important to verify this.Make sure to register with the Florida Department of Revenue and Pinellas County to file and pay these taxes.