Hey Daniel,That is great that you have defined your metrics, but as @Ray Hage stated, a turnkey 7.5% cap does not exist in Miami unless you are buying in the really rough parts. $250K a unit is also somewhat realistic in those submarkets, though not impossible.Your best bet is a value-add strategy on something that has significant upside with a high growth submarket.

Quote from @Michael Smythe: @Zehua Zhou usually, your 401k will lend funds to your LLC.In that case, you would give a PMC the LLC EIN.You really should get advice from a tax professional.Michael, what you are proposing is a "prohibited transaction" defined by the IRS. 401k would be prohibited from lending funds to the account owner's LLC.  

Lead-Safe (in Philadelphia) is defined as a unit being identified to have positive lead-paint components within the unit; however, if the wipe samples come back below the legal limit, the unit is determined safe for their occupants.

Hey Shalonda, When renting out a property for mid-term stays, typically defined as stays longer than 30 days but less than six months, the tax situation can be a bit complex.

Tax lien per definition is not a liquid type of investment vehicle so that has to be put into consideration when defining your strategy.

Provided, however, where the tenancy involves only the rental of a space for a manufactured home as defined in G.S.143‑143.9(6), a notice to quit must be given at least 60 days before the end of the current rental period, regardless of the term of the tenancy. (1868‑9, c. 156, s. 9; Code, s. 1750; 1891, c. 227; Rev., s. 1984; C.S., s. 2354; 1985, c. 541; 2005‑291, s. 1.)

Meaning landlord does not have to fix them.4) Yes, you can usually do this if it states so in your lease.Many PMCs requiring tenants to put all nonemergency maintenance requests in writing and an emergency is defined as something that may cause bodily harm or damage to the property.

.#2 just about defines a "newbie": someone with little or nothing to offer other than futures.

There is another single-family program going for 60k and I won't mention the company name as I'm not here to discredit any entity from doing what it does best for itself.Now for the dummy side, the term Commercial Real Estate is not clearly defined when thinking about residential property, and I bet no one knew that. 

Technically a room must have a closet to be defined in a listing as a bedroom everywhere I am aware of.