I have some liquid cash in my U.S. bank account and would like to start investing in real estate.

(My commercial deals are typically 5-30 unit buildings, not multiple hundred unit complexes)Some LOI terms to includePrice, transfer taxes, concessions, contingencies, study period, closing date.

Since I am not really changing the main purpose of the property, one source told me it shouldn't apply.Lastly, do make sure you apply for an account to pay your sales (collected by Airbnb and vrbo, but not others) and Tourist Development taxes (you must collect).

How will appraisers, lenders and tax authorities account for this? 

The retirement/financial independence equation he uses is a paid off primary home, 500k in liquid assets (usually retirement, cash, and after tax brokerage account), and more than 1 source of income (part time job, real estate, social security for those of that age, dividends, etc.).

In our case, we are in a market with lots of young professionals and military (engineers, accountants, service members).

In a nutshell what I'm saying is, the amount of cash that you are looking to have in your bank account to close on this is probably going to be different for a commercial loan then you are used to with an SFH loan.

The cost of an employee (depending on your state and business structure) can really add up once you account for all the overhead which goes into their work (labor, equipment, insurance, taxes, business administration). 

This reduces the time it takes for the funds to clear the Client Trust Account and for this reason, the only usually gets their money as regularly scheduled. 

Although my monthly returns from lending may have been steadier, my average annualized returns have been bigger with syndications when you take into account the upside potential at the sale of value-add deals.