The moral of the story here is that vacancy is so low right now, especially in Tampa, that it is very difficult to get flexibility with your lease.

I’m struggling to find ways to find low money down with average interest rates to purchase the rental home.

First off you do have to be better than Evolve (low bar) and second you have to believe you are :)

. - the appraised value is super low, if you get what you are looking for, I would expect those taxes being significantly higher putting more pressure on the cap rate- it’s a beautiful, unique property.

Do not mistake low cost for low risk.  

Today, many of those rentals sit vacant as the market is trying to determine the new low for Calcasieu Parish, Louisiana.Numerous FOR SALE signs in front of rental properties across this region of Louisiana.

Risk is fixed costs when transaction volume is low, you have to manage your cash flow.How many deals are your friends doing?

The allowed rent amount should be pegged to market rent, so it would only be way off if your unit is a way different quality or neighborhood compared to average. 

Quote from @Connie Kirkpatrick: Quote from @Jay Hinrichs: Quote from @Connie Kirkpatrick: Quote from @Caroline Gerardo: Not registered in Delaware https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch... not NMLS licensed in any stateNot registered in Florida https://search.sunbiz.org/Inquiry/CorporationSearch/SearchRe...8 The Green, STE 4000 is not an office- it's a virtual mail address you can get for $11 a monthhttps://www.trustpilot.com/review/builderbanc.com some of the reviews appear to be from ownership but all are pretty low 2'sDo not give them an upfront fee of any sort.When I discussed with  my client, he wanted to give it a try, got the same angry reply. 

It has a certain risk, but historically has been low risk.