Also, managing the property as a rental could offer tax benefits.When purchasing, keep in mind condo association fees and maintenance costs.

It can be a lot to absorb during your first month, but I think you are off to a great start! 

From the start, something seemed off with the seller and/or the seller's agent.

If you wanna pay 8X, great, get it to me in writing.

People were so quick to say he was way off base.   

In your case, you are probably better off buying a break-even deal in Tampa then a deal with $200 cash flow OOS.

Will the mortgage holder sign off if the proceeds go to an LLC that isn't their borrower?

We didn’t find a joint investment, but I found an off-market deal and invested with my dad separately.

Agricultural land and residential development lots both offer strong, time-tested returns, especially in growing markets.I’d love to hear more about your experience with subdividing—what challenges have you run into, and how do you determine when it makes more sense to hold versus sell off portions?

@James Thompson Transferring property from your in-laws to you can be done through a gift, sale, or trust transfer, each with different tax implications.