Having your calendar sync up between all is where a PMS comes in beautifully and OwnerRez is sou-to-nuts that best one out there.We went from one property to three within two years and the platform handles things wonderfully.The UI/UX utterly blows but the functionality is second to none. 

Also, you may charge a premium on the rent (higher rent) in this model of leasing.If you charge them a higher upfront option fee, it will demonstrate that the buyer is committed reduce the likelihood of default.

My approach was to partner with a GC, so he handles the rehab estimates with his years of experience.Another option is to read J Scott’s book on estimating rehab costs.I've heard a lot about this book.

Thus, your profit margin is lower (than the all-cash offer), but your ROI is higher.Putting more than 20% down might reduce your monthly payment and debt-to-income ratio, but it also ties up more of your capital, limiting flexibility.

Discuss with your CPA how to handle the 800 CA fee for each LLC you create.This post does not create a CPA-Client relationship.

Also, my kids don't want to manage the rentals that I have now, but they could handle the Florida condo hotels.Thanks for your replys.

They will also be able to handle any closings/title work.

Reduce Vacancy and Bad Debt.

I am wondering if anyone has been and this situation and has ideas on how to handle this.

This tells me two things: Obtaining a variance will be more difficult because there are already policy considerations in place intended to reduce density & (2) There is clearly an over supply of rental units in this area otherwise the overlay would not exist.