For this I'd also like to invite in two main contributors of previous like topics to this conversation:@David Krulac@Steve Babiak(can't get the links to work for some reason)Since I haven't attended an Upset Sale before, I am considering just going to see the process, but also know a couple properties that will be part of the sale. 

I was in Little Havana last month and it seemed like every block had multiple CMF being built 5k is too small and you need to focus on t6 sites I'd focus on 15000 sq ft and up and higher equity for land only. at least 50% equity. overall decent strategy but you have to know what to do with the land in miami. it's already a buyer's market and plenty of sites that can be rezoned. there isn't much value to finding underpriced land off market. take it from someone who's looked at 500+ land sites in miami in the last 3 months 

Most expect rates to come down over the next 24 months, and since a 5/1 ARM is fixed for the first 5 years, you'll have plenty of time to get out of that ARM prior to it adjusting. 

There would be plenty of cash flow to pay the new mortgage. 

If they sell at their current prices there are plenty of ways.

I’m sure there are plenty of people doing “workarounds” which WORK UNLESS AUDITED  by the IRS.  

Noted on the units too, ideally a nice 4plex would be the best case scenario but as you mentioned anything is better from a financial perspective than paying the amount in rent I am currently.This market could cash flow pretty well at 20% down if i find the right property as the prices are below national average and rents are actually fairly good in comparison to property prices (plenty of 1% opportunites on SFH with a minimal cosmetic TLC). 

She is being loud, keeping the roommates awake (like 4am late), inviting guests over and leaving them in the house by themselves, etc.

Chris invited me over to tour his operation as a Colleague.

I will be making another purchase by June of next year, so there is plenty of time to find my perfect market.