You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

I gained equity in the property, and I got higher rents which lowered my living expenses while living there.

This means we don't require paystubs or tax returns, and we don't consider your personal debt-to-income ratio.

For a tenant who has only lived there for a year, the expectations for normal wear and tear are lower.

If it's in a high tax /flood area taxes and insurance could easily be 5-6k or half that then with title insurance points and closing it could make senseWhat is the breakdown ?

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

Syndicates that used lower leverage points and have far-out maturities (such as 2029 or later) are likely to survive as long as they don't run out of cash to maintain the assets for longer-than-planned hold times. 

If you are looking for turn-key, your returns won't be as high, but that is mitigated by lower stress.