I believe there’s a middle ground to be found, and I remain hopeful for the next three to five years.Has anyone heard from friends, family, or fellow investors expressing concerns that Florida is becoming a risky place, causing them to shy away from buying?

Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!

Is it possible or does it even make sense to get a DSCR loan on the rental property that will allow us to pay off the outstanding HELCO balance ($285K) and the remaining $390k mortgage?

Hello @Shelby McKeanThere are REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

The other 95% are either, part time or less motivated (for whatever reason).Your second option is the way to go if you want my opinion.

Of the remaining $200,000 gain, 75% (6 out of 8 years) ($150,000) is attributed to the time the property was rented and is therefore taxable at the long-term capital gains rate.

Here's an example:Buy: Find a distressed property selling below market value, often through motivated sellers, auctions, or foreclosures.

But the general appearance of the unit can gauge its remaining usable life.

Also, the off-market listing process ensures sellers can reach the right buyer or buyer’s agents and only get interested, motivated parties.

This means the location must possess the right characteristics to attract new businesses.If the city fails to attract new companies, soon only low-paying service sector jobs will remain.