Have a purpose for the land.

So percentage wise Jacksonville has seen a crazy amount of new supply being delivered which has affected rents.We also manage a portfolio of new construction homes in Palm Coast and Palm Bay and rents for those homes have dropped $25-75 depending upon floorplan and submarket and they’re taking longer to lease up compared to 2 years ago.A lot of Florida is having similar issues of stagnating or dropping rent, but it definitely depends on market, submarket, asset type, etc. 

But agree for HML majority of the states as long as its commercial purpose no license required..

Melissa DSCR loans are business purpose loans therefore there is much less documentation and red tape to deal with vs conventional financing.

When you compare what houses are going for in both Mooresville NC and Greenville SC and what they rent for, it may make 0.5%.

But there are also some real challenges, like dealing with lower tenant quality on average, the extra red tape, annual inspections, and the longer time it takes to get tenants placed compared to the open market.

Electric heating compared to gas heating is much more expensive, so if the tenant is going to use it, definitely have them pay for it.

What are cost and time effort for setting up an LLC for REI purposes? 

Taxes are half the cost compared to CA and insurance is lower if not by the water.

Do you think a web and mobile platform would be beneficial, or would you prefer using only a web-based platform for this purpose?