It is a tough market in south FL but you can do it.

They usually are the ones who decide what to do.  

When doing business loan for 4+ units multifamily, my W2 can not be used to calculate DSCR.

No sense in paying 9% interest by using equity unless you have to do so.  

Do you work with out of state investors?

I will say make sure you contact counsel and do everything right. 

I get asked all the time, what can I do with $10k and my answer is "save more"  At least in my world of buy and hold $10k is not going to do much.  

Also what method do you use to collect rent?

We used a HELOC on our primary to purchase and begin renovations on a duplex nearby, and just this month closed on a fourplex that has a couple units rented, and a couple that need full demo/flip (which is now in progress).I'm taking some big swings and really having a blast doing it.

You do still have to know the right areas to invest in and who to trust for that info.