@John BowensAre you loaning from a pre-tax 401K or did you convert to Roth and then loaning from there?

On top of that there was an $8,000 tax credit, as an incentive since people weren’t buying.  

To save those costs, you might want to stick to some year build and older, for example, if you cannot do inspections on the properties that you are buying due to off-market deals or something else that is hindering you (all sellers I buy from do not want anyone in the home till we close).

You have to do your due diligence This is all we do.

Due to the confusion on their end and their slow response, it's costing me more money than if I just went directly with the vendor from the start.

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

To make a new property cash flow with current prices, interest rates, taxes, and insurance, you're putting at least 40-50% down.

The license doesn't cost more, the service and quality does.And a note on that cost, in my experience hiring contractors, only a small percentage of the cost savings was due to finding the right guy who is willing to work for less.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊Please send us any feedback via email, as we do not use the DM feature here.

Note: Florida charges a hefty tax on rentals under 6 months.