@Ken Naim yes I believe TX and FL are right together in that category of incoming residents per day.

For now, I would think that you are better off having a good liability insurance policy, and a strong lease in regards to who is responsible for what (if the lease says the tenants shovel the steps, they will have a hard time suing you for slipping on them), and requiring each tenant to carry a renters policy that names you as "additional insured" under the liability portion (in case someone besides your tenant sues for something that was the tenant's responsibility).Moving forward as you expand, it becomes more prudent to set things up with proper entities.

The icing on the cake was when she couldn't get her car out of the driveway because she had to shovel snow for herself... she came knocking on our door freaking out to my 7 month pregnant wife that this was somehow our fault (i was not home at the time).

The saying goes something like "during a gold rush, sell shovels."

Let's say he's injured while cutting the grass or shoveling the snow.  

Hi All,I am looking for construction to perm loan with single closing in FL. Are

This MFH market is shoveling out manure and calling it gold at a rate I have never seen in 20+yrs in RE.

When mine government decides to stop shoveling cash into the economy... date unknown.would I buy today?

I apologize I'm screwing myself in my head right now on the math or how the bank views it.Say if you have a vacant lot (you own) that already has design and basically is shovel ready (has permits)Total project is $2 millionLand and equity you already own is $500kConstruction costs is $1.5 million.So in this scenario all you need is a $1.5 million dollar loan for construction.Since the bank is using equity at 25% does that now mean that the $500k will be subtracted from the $1.5 million since that is all you need?

Taxes in TN are based on 40% of the Fair Market Value x the rate.Most sales in FL are assessed between 80-85% the year after the sale.