It’s a small single-family home in Florida that I plan to BRRRR.

I'm planning on doing a str loophole so low priced str won't work well for me 

Just plan for reserves if it takes a year or two to break even.Take your time, do the research, and trust the process.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

ThanksSuhaib I'd suggest finding a broker, they have alot of knowledge and have your best interests as a goal, insurance agents have their employers best interests as a goal.Insurance in CA will continue to increase, its lagging in inflation and all the fires are affecting it.Many homeowners are moving to self insured.The fair plan is asking for 1 billion in subsidies, purported to be funded by the carriers themselves, I have no doubt Ricardo Lara will make this happen.

That could be your PM company if you plan to hire one. 

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

Quote from @Brian King: Quote from @Jaycee Greene: Quote from @Brian King: Quote from @Jaycee Greene: OK, so how do you plan to fund these fix/flips?

We are the kind of people who do not jump into anything without fully planning it out.

Though it wasn't what I planned or expected, just glad its over and was able to move on to different project.