Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Taxes 10k HOA is 9k The current owner never did short-term rentals.

Just ensure you do thorough market analysis to avoid pitfalls.3.

Yes, this is an unsexy option and it doesn't offer the same tax benefits, but you would benefit from reduced volatility (so long as you don't obsess over fluctuating stock prices), greater liquidity, stronger management teams and superior assets.

If you want to get a clue about places to avoid investing look at states where insurance premiums have jumped or where homes are uninsurable. 

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

My recommendation from experience is to avoid working with Safeguard. 

This approach helps maintain strong relationships with tenants and avoids disputes.Hope this helps!

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

example:Purchase Price: $70kRehab: $30kARV: $200kRent: $1,500I can pull out up to $150k but with taxes and insurance I’d be in the red.