In this city dreams aren't merely notions—they are brought to life with a passion.Closing Thoughts; Embrace New OpportunitiesIn lifes tapestry Miamis real estate market shines as a vibrant strand that tells tales of resilience, progress and boundless potential.As we navigate through changing tides let us not shy away but welcome the chances that await us.In Miami every obstacle is seen as a chance to grow and every setback, as an opportunity for victory.So my fellow explorers, lets move forward with optimism in our hearts, determination in our minds and excitement for what tomorrow holds.

The dynamic landscape of regulations on STR can still be navigated in our area but having an MTR number that works is important to our clients' strategy.

We can get a second home without putting anything down (VA loan), move into the school district we want and a much nicer home for our growing family:Current home (want to rent this out):One of the largest lots in the area 1/100 lots in an area with 1000's of properties that has navigable water which is our water, at 2.75%, 280k remaining $1650/month, rents $3000 mom will be lending 25k over 5 years at $500/mo payments, and we will use a property manager $300/mo = rental take home of $550/mo incomenew home (hypothetical estimates):$550k @ 7%, paying ~$3300/moWe will have a period of 9 months starting Dec 2024 where we would be at about -$100 where our older daughter goes to pre-k for $1150/mo and infant is in daycare for $1650/mo.

There are some clever and legal ways to navigate your way to a lower-than-market-rate rent, but you should speak with a QI or CPA before doing so. 

.- every investor reaches a point where their DTI is trashed and they have to move into different loan products. there are tons of lenders out there that specifically work with REIs & have many ways to navigate this. don't let DTI concerns keep you from moving forward. - LLCs provide minimal legal protection in case of an incident. work with an asset protection attorney to come up with a better plan if they are that concerned. also have great insurance and an umbrella policy. 

Lots of big changes and challenges to be navigated but I'll keep this short and sweet to focus on the real world effects of the NAR Commission Lawsuit Settlement for investors scheduled to begin in July 2024.- Buyers will have more (and less) options.

Hey Nora, I am helping many investors starting out to navigate these same questions.

However, navigating the existing mortgage and structuring a deal that aligns with your rental income might require some creative solutions.

This new requirement will be challenging for some agents to navigate.

Selling the property isn't part of my plan, as I intend to perform a 1031 exchange for a mountain home in the West closer to my retirement, which is still 8 years away.I would greatly appreciate your insights and advice on how to navigate this situation.