I see you invested a serious amount of sweat equity (and real cash) into turning it into something practically new from the inside out, and it looks like it paid off in a big way.

The buyer completely takes over the original loan for all legal, tax and practical purposes.

It is sad that no enforcement can even go after their fraudulent business practices. 

Starting with three T-12s from properties of a similar size and market is a fantastic strategy, and I’ll definitely take your suggestion of setting aside time to really dig into the details.Thank you for the encouragement and practical tips—it’s advice I’ll take to heart as I move forward.

Kyle The couple of wealthy dentists I know, started by buying the building their practice was in. 

They might be fine managing new construction, but I have seem MANY investors almost tank from their fee schedule on managing older homes...i would compare it to almost predatory practice.

I had done extensive reading and research on best practices and entity implementation that would best meet my specific needs.  

The idea here being you buy a 3-4 bedroom house near your practice facilities--and renting the extra rooms to your teammates. 

Title VICIVIL PRACTICE AND PROCEDURE Chapter 83 LANDLORD AND TENANT View Entire Chapter 83.49 Deposit money or advance rent; duty of landlord and tenant.—(1) Whenever money is deposited or advanced by a tenant on a rental agreement as security for performance of the rental agreement or as advance rent for other than the next immediate rental period, the landlord or the landlord’s agent shall either:(a) Hold the total amount of such money in a separate non-interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants.

Is it not the actively working and realistic practice used all the time?