Make sure you understand how each Sheriff office works as it can vary county to county.

Rehab can vary on how distressed the property is, we've had rehabs for flips around 40-80k and at times even lower or higher and rehabs for rentals ranging from nothing needed or 10k to up to 50k due to the amount of work needed or if there was an issue with the contractor.

It is an interesting line of business/investment and the varied conversations are quite fascinating...!

Broker's Cut (varies on brokerage but starting out your split is not going to be amazing ~30-50%)Also commission are taxable income so also expect some of that as well.

This likely varies based on what state it is in.

It even varies on Anna Maria Island itself depending if your on Holmes Beach or Bradenton Beach. 

You will need to research the different lending institutions on what their requirements and terms are as they can vary a lot.

The paperwork, laws, etc. vary greatly from place to place.

Like most programs for a specific industy, they want to keep to the basic business types and not vary too much.

I believe it is, but I did learn that estimates from the professionals vary greatly.Definitely know what the local regulations are for sprinkler systems/fire walls/smoke hatches as these add up fast.