I’ve had the most success with quality for lower cost by hiring guys who have full time jobs doing the same or similar for extra cash during the evenings, but then progress is slow.

The problem comes in when Pace Morby says he buys properties for full price and then uses someone from the "gator community" to provide $50,000 for closing, rehab and cash in his pocket, that means they are his "piggy bank". 

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

If you buy less or take cash out you will pay tax on that amount. 

I asked if he was willing to sell the house cash? 

While this can be good for long-term appreciation, it can also impact cash flow for buy-and-hold investors.Insurance Costs: Florida's hurricane risk can translate to higher insurance premiums for property owners.Competition: Florida's popularity attracts a lot of investors.

Hopefully helpful as you start looking around the market, as the only other alternative is to buy cash!

Purchase price: $715,000 Cash invested: $297,000 Current Listed Price: $830,000Original Listed Price: $950,000 (4/13/2024)It has been reduced $120,000 in the las 6 months and hasn’t sold.

The cash flow improves quickly, but the cash flow is so negative on retail purchases that it will take years to reach cash neutral.  

Are you able to cash out refinance your property instead?