You may qualify based on Market Rents or Lease Agreement.

They would likely be able to confirm that your expenses are reasonable for the area or that your rents are at market rates.

If so, this serves as a great example of how much the market has changed - if someone were to buy this property in 2025, it would have significant negative cash flow, whereas you have positive cash flow given the price point of purchase in 2021.  

Quote from @Jason Baker: After leaving the real estate market in 2024 and bringing in the new year of 2025, what are the best updated strategies/approaches to be a successful wholesaler in the Miami Market?  

I don't know how much you have but a build to rent triplex all in our market is 150k liquid normally with full return of capital in 9 months.

I like the idea of a newer 4plex but they just don’t exist in my market.

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

My first duplex was a turnkey, off market property.

It is not that good at the price point of DC or in my market (but better than my market).  

In the 2024 insurance market, CA is hard to place, so even though you could force them onto a single policy, it may be more economical to keep them separate.I'll send you a note with the carriers who can do this for you.