This will help any personal items away from any leagal suits your company is involved in.I think, eventhough I have never been there, that Central Floride will be a good place to be.

Also, you really should have some cash in reserves to address any bigger ticket maintenance items that may occur after you have a renter in place. 

Do not include them in the calculation for NOI or any other item. 

Occasionally we will get some crazy items returned on an inspection that we will balk at, but for the most part I would say that inspections catch rather mundane items and are usually easy to correct.They should always be encouraging you to get one, they should help to get a full inspection done even with a resident in place and they should be willing to fix most items within reason as rarely are there any crazy items that come up.  

Tread carefully my friend...you may be missing some major items.

The way to finance closing costs is offer aggressively and with FHA you can ask the Seller to pay up to 6% of the sale price for your closing costs & prepaid items like an entire first years worth of home insurance, attorney fee etc.

They are depreciated just like any other item on a tax return.

Typical expenses of a property are: taxes, utilities, maintenance expenses, capital expenditures (big ticket items like roof, boiler replacement, etc.) and insurance.

You want a place for cutting, keeping tools, etc. without worrying about stepping over things or getting your personal items dusty.Hire contractors with good recommendations.  

The pros of multi family for me are lower cost per unit, multiple income streams, scaleability, reduced maintenance cost per unit.