We would buy this house all cash. 

Do you have property managers and contractors who your clients have been using for over a year successfully?

I worked at hospital diagonally across street so very convenient and at the time this 2bed 1bath was all I needed.

This is a marathon and not a sprint, so look at it like that so that you can have a long and fruitful career.  

@Varun Chawla I'd love for other experienced investors to chime in on this post because I'm interested in the numbers. 

It's great to hear about your success with this multi-family buy-and-hold investment.

Sadly I think not all attorneys here know the advantages of using out of state LLCs and or out of state statutory trusts.

This will give you a great front row seat to learn.

How did you finance this deal?

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.