@Christopher M Silva Thanks, you may be right, my partner is flying in to see the house early next week, are you free to connect by chance?

So get a plan to minimize the taxes and hope it flies.

I spoke with a lot of real estate agents in the area and put the word out I was looking to buy, and once word got out  I was in the market and was legitmate doors were flying open.

We also have one rate structure and never make anything up on the fly or use broad ranges.

IF I don't sell my condo, it will rent extremely easy and passes the 1% rule with flying colors.

@Mark Hoover Thank you for your reply, Mark!

My Wholesale team is going to be flying into Miami from Canada this Thursday for Grant Cardone's 10x Event.We'd love to meetup with any local investors to talk shop.The three of us own nearly 100 units, have experience running a wholesale business in Canada and one of us has a YouTube channel with over 10,000 subscribers (Search Matt Mckeever on youtube to checkout his content)We'll be in town from June 29th - July 1st.

@Bjorn Ahlblad @Bruno OrsanicI agree with Bjorns take on CAP, by my standards I consider 5% a no fly zone.

Let that keyboard fly. 

However, it does not always make financial sense to empty and gut the building to carry out a deep retrofit (and even when it does, that initial whooshing roar of capital flying out of your bank account can be unsettling).As of late, we have been purchasing rather, to very, unloved buildings with plans to (eventually) perform deep retrofits on many of them {where the increase in the property performance will pay-back the investment in a relatively short period (say 3 - 6 years) versus the planned hold duration (i.e. 20yrs).