If your client is planning to use a loan to purchase the portfolio, they should be aware that many lenders include prepayment penalties or restrictions when properties in a portfolio are sold off individually.

As you probably know, California includes all foreign immigration - both legal and illegal to boost the numbers.

The 1031 exchange was done as a group irrespective of, and including the SDIRA status, as a tenant-in-common. 

My target market is South Florida, including Miami-Dade County, Broward County, Palm Beach County, and possibly Collier and Lee Counties.

I will be into it about $9,371 with closing and have a payment PITI including HOA of $1,205.

Charge the tenants a higher rent rate and include utilities with their rent.

Lenders often include a portion of the cash flow in the investment property as income to you personally to offset the DTI. 

@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.