The rebuild letter is a standard way to know whether or not your property could be rebuilt to its current use, thus preserving the collateral that they're lending against.

Multifamilies in Miami Beach are very expensive and usually purchased by foreign investors for wealth preservation and diversification purposes, and sell for very low cap rates.

Here's what we do and how we can help preserve your apartment(s).

The original character is preserved with finishes like custom cabinetry for a throwback feel. 

While it can make sense to preserve cash and pay the PMI in an investment situation (where you can potentially earn more leveraging that money) this is your first home purchase. 

I think that is a good technique for preserving seed capital @John Krasner

Investing typePersonality styleAs an example, if your goals and objectives are to provide a steady income (capital preservation) than you are investing in a different type of asset/strategy as opposed to one where you want to focus on maximizing wealth (capital creation). 

for everything there is an equal and opposite reaction.. that's physics.in real estate unless its a cash sale.. the same is true for each transaction there is Equity and Debt   Equity is the buyer  Debt is the lender.. instead of taking the place of Equity the owner and all that involves become the bank.. its really that simple in concept.. now choosing correctly is like anything else you cant go out there with out some knowledge of what to look for.For me its First position performing notes ONLY .. at least for the clients we have served for going on 3 decades .. they have capital preservation concerns first  return second.. 

You could also start networking with wholesalers, although I would keep your agent in the loop on what you do just to preserve the relationship.

We are finding more and more investors with our company who understand they can get double digit net returns on almost any investment property, even when buying turn-key - they come to us because their real concern is managing risk & preserving capitol.