So, Jason, what did you decide to do, and what was the result.

I do the same tropes of things in the Tampa Florida market.  

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

I start by telling them we have a lot of money tied up in the property, and we've been burned by folks that wanted us to believe the best of them.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

As much as we would love to invest in the warmer States it seems as if the MidWest is the place with the best returns. 

I'd check local STR FB groups and see if you have a local Real Estate Club.You can offer your services there, maybe for free in exchange for the experience.

Hey @Isaiah Cortez, here are the deets on STRs via the city - https://www.fortlauderdale.gov/government/departments-a-h/de...I don't have any real insights on the area, but do a search and you will find some details.

The liquidity or funds for the purchase can be in your new entity or your personal bank acct.

What is the security on the above?