If you go the multifamily route, I would recommend doing a cost segregation study within the first 2 years to accelerate depreciation, save on taxes and increase cash flow so you can attain your next property quicker.I am bullish on Tampa because of Bill Gates multi billion dollar investment into downtown Water Street and the GasWorxx projects, both are transforming large swaths of the downtown and the urban core.Best of luck!

I would just say the compound is gated, and a caretaker is always on the premises. 

We have been to the area (not the individual property) and it is in a gated, well maintained community, with private security and 2 golf courses.

To get offers accepted you need to be credible.People across the nation ask me, but how will I get credibility if I made no deal if I have no reviews".Here is my answer.If Bill gates were to make an offer on your house, .. would you ask him for a proof of funds?

I set up the LLC right out of the gate. 

You can only be an ethical wholesaler if you can pass through all of these gates, but you can't as your guru and wholesaling coaches teach it.

Sorry if that's a dumb question, but don't want to get in over my head right out the gate.  

@Mike Lambert do you tend to buy in just busy areas such as 5th Ave in Playa Del Carmen, or more remote, gated developments? 

That's where more of the mystery comes in.The reason I tend to trust turnkey properties, from providers I'm familiar with, is because their stuff tends to be very standardized and they have a particular buying criteria right out of the gate so I know they won't be in certain areas and may be more focused on other areas, etc.

I rent a few parking spots and garage spaces on my gated property, and have always rented them to neighbors informally.