Regarding the payout inefficiencies, I remember the nightmare that some folks were experiencing with state unemployment benefits during Covid.

Market Conditions: South Florida has a dynamic real estate market.

The benefit is it is revolving so you can take it out and pay it back multiple times.

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

The investor must consider whether the potential property value increase or other benefits outweigh this loss. 

Its set by the market.

.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

Its a very poor situation for the original owner to be on the mortgage for years and years without the benefits of ownership and the control.  

I would definitely focus on market growth oppose to finding a cheap property.

While we are not immune to market shifts, we typically don't see huge bubble bursts.