Hello @Nilusha Jayasinghe  From reading the above, the only option for you to go through this process is if you acquire the building and legalized everything about the basement unit.

Quote from @Carlos Lissimore: I can assist you with some questions that need to be answered such as credit score, experience, And do he has down pay when are you and your client free to chat so we can get to the closing table feel free to message so we can continue We are looking into sb684 and fee simple lot splits and funding for acquiring and construction.

They are all really expensive but if it results in acquiring a large asset (or many), it is an investment I will gladly make.

He has watched and superficially participated since birth but has not acquired certain knowledge.  

Currently I do have two other investment properties in the Northeast and want to continue to acquire more but also want to take advantage of the lower cost of homes down here in the Houston area.

In theory, once you acquire the property as a primary residence, you will have to move into that house within  30 days.

The location defines all long-term income characteristics, including whether your rents keep pace with inflation, the total capital required to acquire sufficient properties to maintain your standard of living, and how long your income will last.There is a straightforward location selection process.

You may be able legally acquire that strip of land under a theory of a legal doctrine called Adverse Possession.

Between our equity in properties and money in savings I believe we could comfortably acquire two to three more houses, we just need to have a conversation about risk tolerance I guess.

Hello Tampa Real Estate Community,My name is Isai Cortez, and I'm eager to deepen my involvement in the Tampa real estate market with a specific interest in acquiring a fourplex by July 2024.