We found a property (multi-family) 2 units, 2 bedrooms/2 baths in the front house, and a full bath with kitchen efficiency in the back unit. 

Its also more cost efficient compared to NY in terms of fee's and overall costs to set up LLC.When I set my LLC up in Fl it took literally 15 minutes and you will need to get your Tax ID/IEN set up so you can get your business checking account set up with a local FL bank. 

Even if you just do it in the short term, then maybe you'd save 10% there and be efficient enough to cut your vacancy % down to 5?

The original pit was not up to code and wasn’t efficient. 

Hi all, I am looking for advice on trying to figure out the most financially efficient way to get into real estate investing.

The answer to 1 is that the market is a lot more efficient and smart than we want to sometimes believe.

Maybe theyre not large enough to have efficient economies of scale.

I am not aware of any efficient way to filter through properties other than looking at all of the properties in your desired location, and checking to see if it has a basement apartment.

Please share some of your greatest strengths and weaknesses as a self-managing landlord, and Amelia and I will be here to connect and help think of ways to self-manage efficiently!

It is axiomatic, you should buy your least tax-efficient investments with your most tax-efficient dollars.