I went in a different direction so no info to offer here.

For all the deals here in South Florida, I'm not able to do 70%, and it seems like the profit margin is really small. 

Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

If it has any basis at all (such as you left the apartment during your lease term for what you felt was a justifiable reason and stopped paying rent, but the landlord disagreed) then you may be better off paying a rather small settlement.  

I'd also reach out to the tenants and let them know to direct the payments to them though any smart tenant would only do that after talking to the PM.

 (3 convention units +  3 ADUs) * 3 lots = 18 unitsIn general adding one ADU is not a good investment because there is no more expensive residential development than a single, small unit.  

I'm looking at small multifamiles and won't have an issue with capital thankfully.I am in Arkansas and looking to stay local-ish initially.

“No person shall engage either directly or indirectly in the business of a real estate broker, broker-salesperson, or salesperson without being licensed.”

I am actually open to hear about other areas in the states, but the general direction is Jacksonville at the moment.I totally agree about the partnership part.That is why I am working with one :) Are you thinking of buying in Jacksonville as well?

Timely because January 31st is the deadline.Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors2024 update: While not directly related to sending 1099-NEC forms to your contractors, you may have seen the panic on social media about every $600 electronic payment reported to the IRS under a new law.