After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

It takes time to develop trust and credibility with potential investors, so don't wait until the last minute.

@Arshiya Taami yes, you could potentially keep the great rate in the #% range that you have and tap in to the equity with a 2nd loan of up to around 80% to use for the down payment funds you are looking for.

@John Cooper find an experienced landlord-tenant attorney for their input and potentially handling your eviction.

For insurance in South Florida, I’ve heard good things about companies like Citizens and some specialized providers that focus on high-risk areas.

Accepting even a small amount can complicate the eviction process and potentially delay your ability to terminate the lease in court.

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

Just start.Pick a good area: Look for neighborhoods with potential – something that feels right to you.Think long-term: Are you looking for steady cash flow or hoping for big appreciation down the road?

That said, I’d make sure to document your intent to occupy each property clearly to avoid potential issues later.