@Eric L Conry you are essentially borrowing on your property to buy stocks.

Screening everyone over 18 helps reduce the risk of costly evictions and ensures you’re fully informed about who will be living in your property.Additionally, be mindful of the number of occupants and how it might impact your property.

You could see an attorney or even better talk about it with your financial planner many have legal tech now that makes it essentially frictionless to get your estate work done and keep it updated.  

People mentioned master lease so are they essentially arbitraging the unit?

It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.

Hi Kin,Three quick questions come to mind that would impact your situation.

I am essentially in the property for nothing besides closing costs as the land appraised at $45k.

Property owners in these areas can only advertise for monthly rentals and are not permitted to offer daily or weekly rentalsandIn March (2024): Florida lawmakers passed legislation granting the state more authority over short-term vacation rentals, potentially impacting local regulations. 

Small demolition projects make massive impacts.

Not calculating your basis properly between building and land, which impacts depreciation. 2.