A lot of factors go into this. 

@Stephen Fleming your cashflow probably won't be what you think it will be:(Have you factored in the new property taxes at homestead millage rates?

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

I have seen it too many times where an investor will buy an older property or even a new build, they net cashflow similar to you for a year ($100-$200 per month) and then a $5,000 repair or insurance/tax hike here hits them and it's a loss - they either get forced to sell or are majorly setback and unmotivated. 

It's not my biggest concern, but it is a factor.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

I'm currently trying to build my list of interview questions that I would/could use when it comes to screening and finding the right Real Estate Agent.

Warren Buffett’s Berkshire Hathaway, Donald Trump’s luxury hotels and skyscrapers, and Oprah Winfrey’s Montecito estate, "The Promised Land," all reinforce the undeniable power of real estate in building generational wealth.My journey into real estate was far from conventional.

but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build. 

Real estate is one of the most powerful wealth-building vehicles—but only if you know how to play the game.