I would phone the locksmith to get details on the situation and my hands on the invoice.

It seems like the condo you linked is almost geared towards short term rentals, so you should be in the clear on this specific situation. 2) I would take a look at some STR data either via a dynamic pricing software (pricelabs, wheelhouse, etc.) or take a look at Airdna to take a look to see what is the “sweet spot” is in terms of size of rentals in your market.

Does anyone have advice or contacts for a lender that would be able to help us out in this situation?

Unfortunately I wound up with a life changing situation that forced me to give it up. 

How will your financial situation look after 5, 10, and 15 years?

I also know that this strategy is often used to leverage available cash for multiple deals.However, as a new investor, I've decided to focus on purchasing one property at a time and go through the learning process until I complete a refinance.Only after receiving the funds from the bank would I consider rolling into another deal or multiple deals.In this situation, do you think it's better to still take the 80% loan from a hard money lender, or should I use the cash I have and purchase the property outright?

Would anyone have any advice for this situation?

There's lots of great tax pros here in the forums but you will receive different answers here because they don't have all of the nitty-gritty details of your specific situation and strategy.If you don't have a tax pro you currently work with for tax filing, I can recommend some to you that we recommend through our REI bookkeeping firm.Let me know!

As a result, we're able to retain the full pet fee, creating a win-win-win situation for everyone involved.

In Florida, this situation falls under our Unlawful Detainer statute.