Currently speaking with a local realtor about the STR zoning issues, insurance issues, and current/future market in Florida. 2025 should be a good time to look for a property there. 1.

This also removes the FHA’s mortgage insurance premium (MIP) requirement, reducing monthly expenses.Owner-Occupied Financing: If your next property will also be owner-occupied (e.g., a duplex or multifamily), you may qualify for a conventional loan with as little as 3%-5% down.HELOC or Cash-Out Refinance: Use the equity you’ve built in your current property to secure a Home Equity Line of Credit (HELOC) or cash-out refinance.

For a first property, buying in your name with solid landlord insurance is the good starting point.

Its generally retail medical operators, so we include things like the market dynamics for our use and why statistically the market and location of the site will be viable form a business case standpoint, and speak to how the startup has enlisted the help of an EMR or other such consultant to help in their general rampup and ability to bill/get insurance contracts.  

So, you have to understand your customer as well as part of learning your market. 

The double close or back to back closing is NOT illegal; it’s just darn hard to find a title insurer willing to do it.  

Your best bet is to consult with a good broker that has experience with business insurance and RE.

You have taxes and insurance so that pulls another $100 per month- so you clear $600 per month. 

no rent coming in but expenses were low - just utilities and insurance. 

Some lenders may also want to see law and ordinance coverage in your insurance and perhaps a rebuild letter from the city stating that the property could be rebuilt as a residential 4plex if destroyed.