Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

I really wanted to try finding a duplex that i could immediately rent out the lower half rather then buy a SFH and have a higher mortgage overallHow did you find this deal and how did you negotiate it?

After 4 months, the deal finally closed and I received a wire for $3,000.

For investors, the current market presents a mixed bag: while short-term rental income may be lower, Miami remains a strong market for long-term growth as affordability attracts more tenants.What’s your take on Miami’s rental market?

The day after you close, it will appraise for the sales price. 

This lowered my cost basis per lot by 7k.

You are correct in your assumption that it will impact how low they can go on the down payment, though, b/c commissions will need to be paid out of closing costs. 

You also have to make sure what you are offering is able to close and in a timely manner.  

In my experience tenants on the lower end of rent tend to cause more damage than higher price tenants.

I can send you their contact info.Quick Tip - I would start with a range of offers (lower-end), that usually helps my clients get out of the analysis paralysis phase.