Con: Also with how you conduct yourself, you need to communicate clearly so as to never get someone confused as to whether you are talking to them as an investor or an agent.5.

I am hearing from a number of sellers (mostly developers) who are clearly being forwarded copy and paste emails from buyer agents evidenced by questions that aren't even relevant to the properties they are selling.

You’ll also pay transaction fees disposing the asset, likely in the $40k+ range.I don’t think you have a clear-cut answer here, but you’ll need to rack up all the financial trade-offs to make an informed decision.

But they make sure they take the funds overseas and clear them prior to ordering anything, that is the 2 week wait.

The market price at the time was $325K and I purchased it for $208K free and clear.

Yes, it is a clear violation if you don't inform the lender its a SRO property by not providing a lease when the property is in fact under a padsplit lease. 

It's the type of thing that I don't think about much because of the way I have invested, but this clears it up nicely for me, so I don't have to be ignorant anymore.

In Florida, land trusts offer some unique benefits similar to an LLC, such as asset protection and anonymity, which makes them especially appealing in creative real estate deals.While LLCs are often more widely used because they’re familiar to investors and offer clear liability protection across multiple states, land trusts can be highly advantageous in Florida due to the specific protections our state law provides.

It sounds like you have a solid foundation and clear goals for your first multi-family investment.

One advantage of buying the property from a tax foreclosure auction is that you will receive the deed free and clear without having to do the quiet title action.