I understand the competition is hot in Florida and multi families are priced really high right now.I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

Good Morning BPers,I am going to check out a multi-family today with my real estate agent the MLS description stated one of the units had "some" fire damage.

Good Morning BPers,I am going to check out a multi-family today with my real estate agent the MLS description stated one of the units had "some" fire damage.

Keep in mind a fair amount of banks will have geographic restrictions.

I understand the competition is hot in Florida and multi families are priced really high right now.I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

Along those lines, diversifying your real estate portfolio geographically may offer you similar protection from swings in the market.

They can also submit maintenance requests through the app and include a short video and description, which you can the forward to the appropriate service provider to start the coordination to get the issue resolved. 

I haven't done rent-to-own, does a standard contract include a legal description of the parcel?

@Jefferson Brown Thank you for the in depth description of your exit strategy, it was interesting and helpful.

Obviously I won’t have great advice for your geographical market but I’d suggest not to forsake age of the property in your considerations.