For our next play we want to get into a single or multi-family, and preferably participate in what seems like a booming market in Florida. 

We took them to arbitration, but they did not participate and we found out they closed their offices and I believe the owners are no longer residing in Florida.

So even with me living in the 2/1 it cash flows just barely (at least on paper) but it looks pretty good once I would move out.

My numbers for my first month is a bit skewed because some bookings was on VRBO and some were discounted for my first month so I'll have better numbers in 3 months time.But it is my first month well barely my first month so most of these estimations are based on airbnbs near me that do well at worst I will make 12k in profit which for a first year is not bad for me personally.

But when the two elevators went down and we realized we were barely able to make DSCR and weren’t cash flowing enough to cover long term major maintenance and cap ex, we had to pivot into Plan B.in regard to renovating in a partially occupied building, it’s a nightmare.  

I suspect without money and active participation as LP, you cannot legally do what you suggest.Have you seen the underwriting?  

Or you can do a participant loan from it and purchase outright or combined with financing.

Substantially all participation.3.

We have a tons of lots around here like the one you described, many of which can be bought for cheap and are not listed because there are just barely any buyers for such.

I think if the industry as a whole was a little more honest with it self and with market participants you might not have as many waiting for something that is not likely to happen in the short term. if you need a house, you need a house. but, if you think something will change in 6 months you might be able to hold on, but if it likely will not change in the near term you might just bite the bullet and buy.