I am here to tell you ways to avoid this from happening!

Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

Do your homework, build a team, and avoid analysis paralysis.  

Thank you I’ll probably do 5% down so I can avoid the PMI.     

However, anything that impacts functionality like plumbing, HVAC, or safety issues should be handled before listing to avoid turning off potential renters/buyers.If you’re re planning to lease it, tenants will expect everything to be move-in ready before signing.

Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team. I am starting real estate school soon to get my license but here in Florida I was to...

So after speaking with our cpa we have decided now will be the time to sell and avoid capital gains tax ! 

My ultimate goal is to build a portfolio of cash-flowing properties to achieve financial freedom.I’m currently seeking mentors who can guide me through this journey and help me avoid common pitfalls.

However, it may be prudent to wait until you acquire property in that state to create the LLCs to avoid paying all the necessary filing fees when you have nothing going on yet.