I saw your comments about not wanting to manage properties in two states, but perhaps you can find a great PM for the FL home.Regarding the numbers you mentioned above, it very much depends on the specific location.

I assured them that I "had" to live there for at least a year but didn't know where life would take me after that as I only planned on living there for the minimum term and didn't want to lie, and then thankfully one of my connections on the board, changed the conversation.On a commercial development rezoning we had, we had to deal with racist commentary and questions about the type of person that apartments would bring to the area.

************************************************************My Response:@Luis Ramos: First, I want to thank you for taking the time to engage the post here.Now referring to Your Comment:"then deed back the property to seller and using a title company perform an executory contract.

Feel free to comment if you are in the business or recommendations. 

Let me digest and I'll comment further...Thanks for the detailed post!  

@Lauren Merendino All of your comments make complete sense.

@John Friendas  back to Jay's comment, it shouldn't matter if you plan on purchasing another property soon after.

Thank you Amit for comments.   

The boot camp is great for anyone looking to become an operator in the space, although it’s also a good general overview over the course of a weekend (I believe it’s Friday Night to Sunday Night).To address the @Marty Sellis comments – we were a virtual company up until about a year ago, with employees around the country.

This topic is literally discussed every day and you can glean a lot from other's comments.