@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.

The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable. 

Jeff, since my apartment building is now under “new management,” when will you return the July rent you collected from me and my elderly, autistic uncle?

Thank you very muchBeau,In my opinion the math and the numbers on deals don't lie and are also a great way to build a plan.

Keep in mind that only the "building basis" can be segregated and will benefit from accelerated depreciation.

Staying on the same page and building trust.

@Jaycee Greene Yeah it is easy for one to get discouraged when buying this type of project but I must say they are decent when trying to start low and build capital, that way you dont have to deal with **** properties or mediocre neighborhoods again. 

I just want some outside eyes to help me understand if this deal is what I should expect to find as I build my portfolio.I plan to buy and hold long term.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.