Maybe in the future I would just suggest having the documents digital and on a computer somewhere. 

Securing a lower fixed rate now could hedge against future rate hikes.Conclusion:If your plan is to hold the property long-term, buying the rate down to 6.375% makes a lot of sense.

Moving forward, I’ll make sure I have a buyer’s agent in future deals.

If your income exceeds $150,000, your ability to deduct passive losses from rental properties is limited, and any disallowed losses carry forward to future years under the passive activity loss rules.Yes, the deductions can accumulate and roll over year after year.

In my thirty years in Florida, I’ve never witnessed such devastation, which makes me wonder if this is a new weather trend foreshadowing the state’s future, or just a once-in-a-while event.Regardless, there are already websites and news articles discussing the so-called "Great Florida Migration."

Would switching the property to my LLC help for looking for future investment properties?

I cant tell you how many times I've had to explain to investors that there is no magic DSCR wand that eliminates the personal credit risk/impact or allows them to borrow 100% of the purchase price or whatever. 99% of DSCRs require a PG which WILL impact DTI on any future loans, whether SBA, mortgage, consumer, etc.

This will hurt the tenant's credit score, it will warn future landlords when they run a credit check, and it will prevent the tenant from qualifying for a personal loan, home loan, etc.

The inputs for the image in this screenshot are as follows:500k purchase price duplex.Rent each side for 2k/month (this is after you move out)5% down paymentClosing costs: 7k6.4% interest rateInsurance: $250/monthUtilities (paid by owner): $400/monthVacancy budgeting: 5% of monthly rentMaintenance budgeting: 8% of monthly rentCapEx budgeting: 7% of monthly rentEven though you are negative $312/month after budgeting for future expenses, your net worth ROI is massively positive.

If we did this, it wouldn’t make much sense to include my brother since he has not been involved but I would like to include him as we are planning on acquiring more properties in the future.