.- NOTE: FB Marketplace is difficult due to their strict policies (they really do NOT want PMCs advertising there)Test the PMC PROCESSES!

Lenders title insurance policy should be obtained and all documents properly prepared and filed accordingly.

Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

City government under new Mayor administration is already showing signs of improvement over past administration which is encouraging as well. 

Earlier this year, the government did not renew or pass any law to extend bonus depreciation back to 100% after 2027, so the current phase-out schedule remains in place.In the meantime, I would recommend doing some tax planning to assess where you stand in terms of projected tax liability for 2024.

I just can’t see handing the government 30-40% of that 70% in taxes owed.

They argue that tenants wouldn't want to lose their government-supported housing, so they'll be good tenants.

As a side note, Floridas current insurance issues are mostly caused by other factors besides the increase in severity and frequency of natural disasters however (roofing scams and no caps on lawyers fees for claims, both results of bad government policy that resulted in most insurance companies leaving the state and the remaining ones raising rates to account for having to pay for all of the roofing scams and absurdly high attorney fees on simple claims). 

Those hassles of dealing with an inefficient government mean less competition therefore higher returns.

Look at your policy and contact your insurance agent to see if they will cover loss of rents.