My name is [Your Name], and I'm a licensed architect with a passion for turning ordinary properties into extraordinary investments.A Bit About Me:Architect & Investor: With over 10 years of architectural experience, I've had the privilege of designing and revitalizing a diverse range of properties—from cozy residential homes to bustling commercial spaces.

My recommendation is to partner with th someone who has a lot more experience before jumping into a syndication after owning one property for less than a year.

Hi BiggerPockets Community,I’m exploring the idea of renting my 5-bedroom property in Tampa, Florida, to traveling nurses and could really use your advice! 

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

You've shared so many gems and described a realistic depiction of purchasing an investment property. 

It is always nice to live close to your rental properties (although not absolutely necessary), and as a military guy you are able to choose where you retire to.

Just because other people might be getting away with it for now doesn't mean they couldn't crack down on you after you buy a property their.

However, contingencies are there to protect you, and it should be your agent's job to vet the property and your specific situation to see whether a contingency is needed.

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.