Hey @Larry Christian, I am glad to see you are looking to invest in this fast growing Tampa Bay market!

The rules are quite draconian if you don't pass the 3 out of 5 year test...Larry

;)Two of my favorite books:Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth by Larry Loftis andBuilding Wealth One House at a Time, 2nd Edition by John W.

His name was Larry. 

Larry is correct that it is private pay as there are no governmental funding for this.  

@Larry Turowski - Thanks for the info!

A traditional corporation (c-corp) is probably not the way to go because of the double taxation, the company pays taxes on it's earnings and you pay taxes on that same money when you pay yourself.As @Larry T. said, focus on finding deals and getting them under contract, you can always get the entity set up after going under contract or purchase it in your name and then transfer to an LLC after close (might cost you some $ depending on the state laws)

@Larry Bowers Definitely take this up with the title company.

@Larry H.

@Larry P.