So, based on your numbers you could borrow up to 243,750 on property A, but owe 220k, so that would only be 23,750 in borrowable equity. 

Welcome Jorge, I'm also based in FL. 

Hi Lynda,  My name is Jarret, and I’m a local real estate investor based in Chicago.

In the end, it would have made more sense to hire a couple handymen for a week or two than me spending 3 weeks installing flooring, base and case.

Based on your estimated monthly "passive income" of $2,532 that you'd pay an investor, I'm estimating the investor would contribute around $380,000 to the acquisition, is this correct?

@Robert BishopTo prepare for your first real estate investment, build a strong financial foundation with a credit score of 700+ and an emergency fund.

Based on IRS Private Letter Rulings (PLR 200805012 and PLR 200901020), development rights can qualify as like-kind property for a 1031 exchange if they are considered interests in real estate under state law.

You'll need one when you move so identify one early to tell you how strong an area is for rentals. 

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Quote from @Dave Schimmels: What is a good way to get accurate rent comps with existing tenants based on the area?