Hey Johnny,I have moved to the Danville Area and sounds like I am in the same position you was in at the time of writing the post - i am searching for my first deal (looking for multi family) ideally in Danville.How did your first deal go?

Build a portfolio, get tax write offs, learn to buy "off market" and find great deals?

The administrative interpretation determines in writing that you can use your property for a short-term rental.

You can exchange ideas with your agent and have him work something out with the other side through conversations but once you all agree on a plan you MUST GET IT IN WRITING so everyone is legally bound and your EMD and interest are protected. 

We live in the front half and airbnb the private entrance 1 bedroom, 1 bath, living room (hotel suite style) back half that is separated by a door that we deadbolt.

In that case it would effect the nature of your write off and the deprecation schedule of course

Various HNW persons not a fan of the documentation prostate exam for financing, professional athlete's, those with small biz and really great at write-off's, all kinds of potential buyers.As the saying goes, do what you do best and hire the best, to do the rest. 

I believe there is a basic tenet in the law that says that if a contract term is vague that it will be interpreted to favor the party that did NOT write the contract.

I am trying to create a system around the transactions itself from writing the contract, coordinating title, marketing the property, to exactly who needs to be contacted and when...to me thats the only way to scale!

Hello Jennifer,For Seller Financing, you would write your offer just like you would with 3rd party financing.I would think that Florida Real Estate Commission has a Seller Finance Addendum to add to your contract, on the addendum you would fill out the terms you are proposing.