Hello @Chris Atkins,To achieve and maintain financial independence, only invest in cities that meet the following requirements.Significant and Sustained Population Growth: Rental rates follow the basic principle of supply and demand.

He must have spent gobs of time and money every year maintaining the books and the structure. 

It’s given me insight into what investors and landlords actually need—things like quick turnovers for rentals, deep cleans before listing a property, and even helping out-of-state investors maintain their portfolios.

@Jack PasmoreFor me, building trust and maintaining authentic relationships comes down to consistency and value.

The lesson learned was to maintain clear communication and proactive scheduling to ensure efficiency for future projects.

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

Ensure there’s adequate parking and that landscaping is well-maintained.

Properties in high-risk flood zones (Special Flood Hazard Areas, or SFHAs) must maintain flood insurance if they have a federally backed mortgage.Flood zones still matter for:- Mortgage Requirements: Lenders use flood zones to determine whether insurance is mandatory.- Community Floodplain Management: Flood zone maps are essential for local governments to manage floodplain development and maintain eligibility for NFIP participation.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Ensuring your rental market can sustain these costs will help maintain profitability over time.The 7% DSCR loan is relatively high, and refinancing later at a lower rate could improve your long-term cash flow.