Recommendations for you would be to keep super meticulous records of all the costs you’re putting into the property, so your tax pro can make sure you’re capturing everything 1) correctly and 2) in the most tax advantaged way. 

Heidi Pagano at C2 Financial is amazing to work with, patient and knowledgeable on all types of loans.

Did you pay an auction premium like Auction.com or is the number you bid the final number plus recording fees? 

.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

MiThank you,You need to understand Miami is one of the most sought after city by investor, OO and financier of the world hence the price is skyrocketing.If I were you I would not buy one duplex but three LOL

The 70% sounds appetizing but 70% of nothing is still nothing, so make sure you clarify all the financials, insurance for damages, etc.

I've been finishing up my Financial Planning degree at the University of Alabama.

****I am not a financial advisor or guru, I was just a dumb civil engineer who learned that you cannot push on a rope and dirt and water  = mud.

I charge a really high fee and require the tenant to carry bite insurance.Inspections are done on a schedule and always recorded with pictures and/or video.

It doesn't make financial sense to try to rent out a 1BR MH, especially when they have to pay lot rent on top of that.