Marriott will not work with you unless you have 50+ properties but perhaps partnering with a PM in your state (like we do in FL) to provide limited service engagements that includes marketing.Good luck!

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

If you need tax planning or preparation services, please don't hesitate to contact us or DM me.

Make sure the LTR rental income will service first all of the PITI then handle another 15% for vacancy, repairs and cap x.

To add additional context,  I would personally be more willing to sign my name onto a $6M mortgage collateralized against a $10M asset in an "A" market that has historically low vacancy rates, no deferred maintenance and is located in a stable market with a rent roll that covers the debt services and operating expenses with reasonable cushion for reserves than sign my name on a $90,000 loan collateralized against a $100K property in a C/D unstable market with high vacancy rates and where capex will disproportionately impact operations.

Do you by any chance have a general contractor that you recommend that services Miami? 

@Joe Jor brings up some great points and I like his suggestion for contacting the building dept.You may also be able to negotiate credits or for funds to be held in escrow - until seller removes open permits, violations, etc.Lastly, for estimates on the work that will need to be completed on the property, you could also contact an expeditor who services Westchester.All the best to you on your search!

I conducted a survey in 2005 when I launched my investor services business, and 13 out of 15 property managers described the same properties.

There’s an entire “industry” consisting of gurus, attorneys and title companies that provide services and advice for transacting real estate without paying off the existing lien(s).  

I recommend using RentPrep—it's a great service for running credit and background checks, and, I believe it was bought by Stessa.