Actually, what we did was put it up for rent well in advance of our tenants leaving.

That will add a ton of traffic, real estate and tourism which Helps Fort Meyers as well.I am up in Pinellas County by the Gulf beaches but one of my offices in down your way in Miami which has become way to overpriced.

Moving from syndicates to owning your own properties can really up your tax benefits and earnings.

But between you paying down your mortgage, plus the tax write offs, plus market appreciation it sets you up for having tens of thousands of dollars in tax free gains when you eventually sell it.  

It's nice to have access to the MLS data and how easy it is to set up a showing of a property that I want to see.The downside is you will have to pay the broker, MLS, and NAR fees along with continuing education requirements to maintain your license which can sometimes not be worth it.The biggest perk for me was having people I know come to me to list their house for them but instead I would just offer to buy it and make the process easy for them.

We told him if it was not done by a certain date we have someone else lined up to complete and will need 50% back. 

The property had gone up in value at the time of purchase ( $235,000 VA appraisal ).

Sign them up for auto-refil, at least during the winter months, and bill the tenant.

@Joe Carpyou can buy rentals with a DSCR loan, and they will not require W2 income like a conventional bankhowever, down payments will be 15-30%, so will use up your cash fasthow to scale as we sink money into each property is definitely a major challengei have done a couple successful BRRRRs that helped preserve capitalhope this helps

Let me start by saying I have hired a CPA, and have a future meeting set up.